News

Domus development group breaks ground on its first condo project for mid-income, first-time buyers

With a focus on building homes that allow the middle-income, first-time buyer to get a leg up in Maine’s very challenging housing market, a trio of developers are launching a series of projects to be built over the next few years — starting with a 45-unit condominium complex in Westbrook which broke ground last week.

Clover Terraces is targeted to buyers who earn between 80% and 120% of the area median income — too much to qualify for subsidized housing but too little to afford Maine’s skyrocketing home prices — often referred to as the state’s ‘workforce’ population.

Soley is partnering with Lewiston-based Hebert Construction and Avesta Housing, headquartered in Portland, which is the largest nonprofit affordable housing developer in northern New England. The team has plans to build affordably-priced condominium complexes in Freeport, Rockland and beyond, featuring the same square footage, layouts and construction details as the Clover Terraces project.

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