Supporters say rent control policies on the Nov. 8 ballot are the best short-term option to dampen rising rents and ensure vulnerable residents remain housed.
affordable housing
Posted inBusiness, Nation / World, News
Average long-term U.S. mortgage rates up another quarter point
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.92% from 6.66% last week.
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Posted inLocal & State
MaineHousing halts rental assistance program
The agency is waiting to see if the federal government will approve additional funding.
Posted inLocal & State, News
Proposal for housing on Augusta’s Western Avenue approved, awarded 30-year tax break
Developer of Stevens Commons in Hallowell plans to build a 38-unit apartment building at 99 Western Ave. in Augusta.
Posted inLocal & State
Construction could begin soon on $30 million Waterville mill housing project after financing green light
North River Co. is awaiting word from MaineHousing before launching construction to turn about half of the northernmost Lockwood-Duchess mill building at 6 Water St. into residential and commercial space.
Posted inLocal & State, Schools & Education
Affordable housing crisis creates another barrier for Maine college students
Limited student housing and high rents are leaving students scrambling to find a place to live before school starts.
Posted inLocal & State, News
Short-term rental proposal sparks debate about impact on Peaks and other Portland islands
Some on Peaks Island say a proposal to further restrict short-term rentals in Portland will have an outsized impact on the island and seasonal rentals, though supporters of the referendum say it will add to affordable housing.
Posted inLocal & State
As housing crunch persists, central Maine leaders chip away at problem one project at a time
Several efforts are underway in Augusta and Waterville to provide more affordable housing options, but until then the two cities together are short of such housing by more than 1,800 units.
Posted inBusiness, Local & State, News
In Maine, a stubborn housing crisis has put down roots
Competing market forces are evident in South Portland, where residents face rising rents and home prices. But efforts to change the dynamic don’t always work out as planned.
Posted inThe Franklin Journal
Affordable housing, shelter space coming to Farmington through federal funds
Western Maine Community Action was awarded nearly $7 million from the American Rescue Plan Act to convert two properties to affordable housing and emergency shelter for housing-insecure people.