Despite pervasive ‘supply skepticism,’ the evidence suggests the answer is yes: As the number of homes grows in an area, prices tend to fall and lower-cost units get freed up. But advocates say it takes time – and there are many hurdles.
affordable housing
Posted inBusiness, Election 2024, Nation / World, News, Politics
Housing’s worst crisis in decades reverberates through 2024 race
At stake in the next two months are the votes of frustrated homebuyers and renters in battleground states.
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Posted inElection 2024, Local & State, Politics
Democratic lawmakers, developer endorse Harris’ plans to ease affordable housing crisis
A June poll found that 15% of people surveyed identified housing and affordable housing as a top issue in Maine, ahead of the economy and the cost of living.
Posted inBusiness, Local & State, News
Federal housing voucher program on pause in large swaths of Maine
MaineHousing, which issues one-third of vouchers in the state, and housing authorities in Portland, Westbrook and Brewer have been forced to pause Section 8 vouchers after using up their allotments.
Posted inBusiness, Lewiston-Auburn, News
Lewiston Housing seeks senior housing at Ramada, second phase of Martel redevelopment
If approved, the projects would add another 107 units of senior housing in the city.
Posted inLocal & State, News
In fight for more housing in Maine, one barrier rises above the rest: Us
The state’s ongoing housing crisis wasn’t caused by one thing, but it has put homeownership out of reach for an entire generation and created ripple effects on the broader economy.
Posted inBusiness, News
Price of typical Maine home climbs above $400,000 for first time
‘It was only a matter of time before (Maine) crossed the threshold,’ said Paul McKee, president of the Maine Association of Realtors.
Posted inAdvertiser Democrat, Business
Neighbors voice concerns around proposed Norway co-op housing
Norway Equitable Housing Cooperative is planning a three-story, 17-unit apartment building on Whitman Street.
Posted inLewiston-Auburn, News
More units on the way, but experts say high costs, other trends still plague Lewiston housing market
Housing experts are calling on the city to hire staff dedicated solely to focus on the city’s housing issue.
Posted inBusiness, Local & State, News
State distributes $3 million to boost sales of Maine-made goods
Forty-six Maine companies received a share of the grant funding as part of the Maine Jobs and Recovery Plan.