The Maine State Housing Authority, known as MaineHousing, announced Tuesday it has allocated more than $30 million for nine affordable housing developments across the state.
The investment consists of $26.2 million in state and federal tax credits that will generate close to $70 million in equity from private investors, plus a $4.2 million subsidy, to build or renovate the developments.
MaineHousing said the funding will create or preserve 430 housing units, of which 388 will serve households at or below 60% of the area s median income.
Out of 15 proposals seeking nearly $12.6 million in federal funding, the Augusta-based agency selected nine developments for funding.
Projects include Szanton Co. s apartment project in downtown Bath, to provide 42 units affordable units for older adults, and new construction of 45 units of public housing in Maine s most populous city by the Portland Housing Authority. (See the full list below.)
Community conversation to focus on past, future of Portland’s Trolley Park
The city is seeking ideas on how to improve the Riverton park.
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Riverton Trolley Park was once home to a stately casino, seen here in 1910. The park, developed by the Portland Railroad Company in 1896 as a popular day-trip destination via trolley, offered a variety of amusements, including a dining hall, theater, boating facilities, a petting zoo and a midway.
Contributed / New England Electric Railways History Society
PORTLAND Today it is a wooded parcel of land with trails connecting to a municipal golf course and leading to the Presumpscot River, but a century ago Riverton Trolley Park was one of Portland’s top attractions.
By Staff
Housing authorities across Maine will share $10 million for public housing development and renovation, awarded through the U.S. Department of Housing and Urban Development’s Capital Fund Program.
Some 19 housing authorities from York to Aroostook county will get grants ranging from millions to five figures to develop, finance and modernize public housing.
HUD provides Public Housing Capital Fund Program grants to more than 3,200 housing authorities across the country every year to spark housing development. The money has be used for that purpose, and can t be used for things like luxury improvements, direct social services or cost funded by other HUD programs.
Seven South Portland businesses recognized
The 2020 Business & Economic Development Awards emphasized work through the pandemic.
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The South Portland Food Cupboard received the Impact Award on Feb. 11 from the South Portland Economic Development Committee. The award is for a business or organization that had a significant impact on improving or stabilizing economic conditions in the city despite the pandemic.
Courtesy photo Tess Parks
SOUTH PORTLAND The 2020 Business & Economic Development Awards ceremony took place on Feb. 11, recognizing local businesses and organizations for their struggles and triumphs through the pandemic.
This year’s winners, nominated by community members through the South Portland Economic Development Committee, are Scratch Baking Co., 158 Picket Street Cafe, Sopo Catering, SoPo Seafood, ReVision Energy, Legion Square Market and South Portland Food Cupboard.
Proposal for Portland’s tallest building clears a hurdle
A zoning amendment to allow an 18-story apartment building downtown was endorsed by the Planning Board, but still needs City Council approval.
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This digital rendering shows the proposed 18-story apartment building, right of center. It would be taller than any building in Portland, including the 13-story One Center Center, at left of center in this image. Courtesy of Redfern Properties/Ryan Senatore Architecture
A proposal to build what could become Portland’s tallest building cleared a hurdle this week and is headed to the City Council.
The Planning Board voted unanimously Tuesday to recommend zoning amendments that would allow Redfern Properties to build an 18-story apartment building in the heart of the downtown. The proposed 190-foot-tall high-rise at 200 Federal St. would have 265 apartments, an infusion of housing in a tight real estate market that the developer says is not about to cool off.