How a $9 billion federal investment could help Maine's aging affordable housing
Aging properties are more likely to have issues with heating and cooling systems, outdated appliances and structural problems.
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Aging properties are more likely to have issues with heating and cooling systems, outdated appliances and structural problems.
"At a time when housing experts estimate our state needs 20,000 to 25,000 additional units of affordable housing, rural Maine could see thousands of affordable housing units disappear."
A nontraditional rural rental program is drawing new affordable housing developers, especially in places that haven't typically attracted major investors.
Altogether the MaineHousing program will subsidize the construction of about 115 new affordable units from Bath to Presque Isle.
Two significant additions to Maine's housing stock opened their doors this week. In Lewiston, the nonprofit Raise-Op unveiled two buildings with a total of 18 housing units, while in Old Orchard Beach another 55 apartments came onto the market.