The Department of Agriculture says it’s clearing a backlog of 400 foreclosures and more than 800 delinquencies left by the Biden administration. But local housing advocates say the crisis was years in the making and that the USDA has always been slow to act when its borrowers default.
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Posted inLocal & State
Dana Street project developer praises ‘collaborative’ process in Westbrook
“There’s momentum building downtown,” says Quaker Lane Associates founder Matthew Welter.
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Posted inLocal & State, News
Portland City Council extends hotel moratorium another 6 months
Monday’s council meeting began with comments by the Portland Tenants Union, which says it has found widespread noncompliance with the city’s rent control law.
Posted inBusiness, Local & State, News
Maine lawmakers still betting on accessory dwelling units to help end housing crisis
Following the passage of a landmark law in 2022, a bill seeks to further encourage the construction of small housing units also known as in-law suites.
Posted inLocal & State
Residential river project to replace ‘blighted’ Westbrook parcel
The complex will be built at the end of Dana Street and on a 3.4-acre parcel at 921 Main St.
Posted inBusiness, Local & State, News, Uncategorized
Mainers call on lawmakers to protect renters, boost housing production
The Legislature’s Housing and Economic Development Committee heard from renters, advocates, landlords and developers during a daylong hearing on the state’s housing crisis.
Posted inBusiness, Local & State, News
Maine home prices finally fell last month, but don’t celebrate yet
The last year-over-year sales decrease was in March 2019, when the median sale price was $200,000.
Posted inBusiness, Local & State, News
Maine takes first step toward more accurately tracking efforts to resolve housing crisis
A bill to require Maine cities and towns to report annual home construction data is headed for the House — but without bipartisan support or a mandate that all municipalities participate.
Posted inBusiness, Local & State, News
Gardiner breaks ground on 32-unit affordable housing project
The Iron Heights development is the latest in a string of affordable housing projects spearheaded by Mastway Development’s Matt Morrill.
Posted inBusiness, Local & State, News
Residents of Gorham mobile home park could be the latest to buy their community
The owners have an $87.5 million offer for a four-state, eight-park deal, but residents of Friendly Village could decide to buy their park for $22 million.