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.
housing
Posted inBusiness, Local & State
Rockland area businessman buys properties to house workers
Richard Rockwell says the houses will be improved and used for employee housing, assisting chefs, accountants and workers in the trades.
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Posted inBusiness, Local & State, News
Short-term rentals to be focus of new state housing commission
The legislative panel will collect data to see how much of a role short-term rentals play in the housing crunch. It also is expected to consider statewide regulation.
Posted inLocal & State, News
Number of asylum seeking families coming to Portland appears to slow, but many still wait in hotels
It’s also hard to track the numbers now that the city of Portland isn’t involved with as many arrivals.
Posted inBusiness, Nation & World
Rents spike as big-pocketed investors buy mobile home parks
The purchases – and the ensuing rent increases – are putting residents in a bind, since most mobile homes – despite the name – cannot be moved easily or cheaply.
Posted inTimes Record
Market forces make affordable housing a tricky sell in Brunswick area
Local housing experts say financing for affordable housing developments is more complicated to put together than market-rate projects, which contributes to a shortage of cheap housing in the Midcoast.
Posted inTimes Record
Brunswick, ‘losing its economic diversity,’ seeks to promote better balanced housing
The Brunswick Town Council voted Monday to create a new Housing Committee tasked with finding policies to ease the local housing crunch.
Posted inBusiness, Local & State, News
Condos pitched in Cape Elizabeth where affordable housing proposal failed
A developer faces similar challenges in planning to build 18 condos where a 46-unit affordable housing project was scuttled by community opposition last year.
Posted inTimes Record
Interest rate hikes hinder Midcoast homebuyers
Rising interest rates have made it more difficult for prospective new homebuyers to compete in a hot housing market, according to local realtors.
Posted inLocal & State
Proposal to build 260 market-rate apartments in Augusta faces backlash from neighbors
The city’s Planning Board on Tuesday delayed the proposal to allow the developer to obtain needed permits and address concerns from neighbors about the large, five-building complex off Eight Rod Road.