Years of a tight market have driven up prices and forced buyers into making risky choices.
housing
Posted inBusiness, Local & State
Many Portland area residents would need to double their income to afford a home
A new Harvard University report illustrates the growing affordability struggle for both homebuyers and renters across the country and in Maine.
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Posted inTimes Record
‘Developers will flee’: Brunswick Council holds off on proposed development moratorium
The Brunswick Town Council postponed its vote on a proposed emergency housing development moratorium Tuesday after more than a dozen community members spoke out against the measure.
Posted inBusiness, Local & State
Maine home sales activity is slowing down, but it’s not a buyer’s market yet
May was largely a continuation of existing trends, with home sales down 12% and prices up 15% from a year ago.
Posted inTimes Record
Tedford housing finishes land purchase for new homeless shelter
The nonprofit hopes to begin construction on its new 64-bed shelter next year and complete work in 2024.
Posted inBusiness, Local & State
Rent cap comes as relief to tenants in Redbank Village
The move is designed to protect tenants at Redbank Village and other renters facing steep rent hikes because of the region’s housing affordability crisis.
Posted inLocal & State, News
South Portland council caps rent increases, passes eviction moratorium
The temporary emergency action in response to rent hikes at Redbank Village will give city councilors time to work on a rent stabilization ordinance.
Posted inLocal & State, News
South Portland Council to vote on emergency rent freeze, eviction moratorium
Triggered by recent rent hikes at Redbank Village, the six-month halt would give city officials time to develop a rent stabilization ordinance.
Posted inTimes Record, Uncategorized
Bath officials hope EPA grant will spark housing development
City officials said a $500,000 Brownfield Assessment Grant could make it easier for developers to convert older properties into new housing.
Posted inEditorials, Opinion
Our View: Auburn leads in housing development
The city and its Republican mayor show that lowering housing costs through zoning reform doesn’t have to be a partisan battle.