SEARCH RESULTS

Category: News

Portland councilors approve $14 million in low-income housing incentives

The Portland City Council on Monday night approved $14 million in tax and other financial incentives to create 270 units of housing, almost exclusively for low-income households on four different properties. The approvals, which have been in the pipeline for months, come as people camping in the plaza at City Hall demand more permanent affordable

Read More »

Lewiston readies multimillion-dollar redevelopment plan

LEWISTON — The city and local organizations working to reel in a downtown redevelopment grant worth between $10 million and $30 million are moving ahead with their application without knowing an official due date. In the spring, as the COVID-19 pandemic shifted priorities for municipalities, officials said it would likely cause delays in the Choice Neighborhood program,

Read More »

Maine real estate group names seven ‘Notable Projects’ for 2019

The Maine Real Estate and Development Association on Tuesday morning named seven developments, from corporate headquarters to affordable housing, as winners of the group’s 2019 Notable Project awards. The annual honors recognize “the most noteworthy and significant Maine commercial development projects from the previous year, all of which embody the association’s mission to support responsible development,”

Read More »

Low-income Mainers barely hanging on to keep paying rent, research shows

Low-income Mainers living in subsidized housing have largely managed to keep up with rent payments during the coronavirus pandemic, but not without some falling behind on other bills, using food pantries or relying on federal and state assistance, according to a new study by the Maine Affordable Housing Coalition. That financial strategy is not sustainable,

Read More »

A Maine-based cross laminated timber factory could mean more affordable housing

PORTLAND, Maine — Avesta Housing’s new, affordable, 40-apartment project going up on Brighton Avenue is the first building in Maine to feature stairwells and an elevator tower made from cross laminated timber. The high tech, eco-friendly structural material is cheaper and easier to install than the traditional concrete and steel it replaces. However, the material

Read More »

Conway planning board OK’s Avesta housing project

CONWAY — The Conway Planning Board gave conditional approval on June 11 to Avesta Housing Development Corp. to put up 156 workforce and senior rental housing units off Technology Lane in Conway. Avesta, a non-profit housing agency based in Portland, Maine, that owns and manager just over 90 properties in Maine and New Hampshire. Technology

Read More »

Building Business: Multifamily housing among projects underway in Portland

Wright-Ryan Construction of Portland is readying 58 Boyd St., a 55-unit affordable housing complex in Portland. The cost was $11.2 million, and Bangor Savings was the largest private lender, putting up $2.9 million. Portland Housing Authority is the developer. CWS Architecture handled the design. Fall completion is expected. Zachau Construction of Freeport has framing and sheathing up

Read More »