Portland adopts incentives to help affordable housing projects compete for state funding

Portland city councilors voted Wednesday to approve zoning incentives for low- and middle-income housing developments in certain areas of the city.

The incentives will especially help developers of nonprofit housing compete for funding from the Maine State Housing Authority by reducing per unit construction costs – a major issue in Maine’s largest city.

“I think this is the most significant response to Portland’s affordable housing crisis that has been brought forward,” said Dana Totman, CEO of Avesta Housing, the state’s largest nonprofit affordable housing developer.