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The majority of units will be rented to households earning 50% of the area median income or less. Some will have vouchers for use by populations with special needs.
The city's 12 historic districts also have become more racially diverse at a similar rate to the rest of the city, according to the new report.
The boutique property in Portland, Maine has also announced the appointment of Maine native Matt Plourde as Hotel General Manager.
St. Lawrence Arts, located in Portland's Munjoy Hill neighborhood, has changed its name to The Hill Arts as it embarks on an expansion project.
Maine-based, family-owned hospitality group Uncommon Hospitality announce their newest project, The Longfellow Hotel , designed in partnership with New York-based design firm Post Company. Opening in Summer 2023, The Longfellow will be Post Company's first hotel in Maine delivering a distinctive design and new wellness offering to the city of Portland. The property will be the first independent full-service hotel to open in Portland in 20 years and is the namesake of famed Portland poet Henry Wadsworth Longfellow.