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The city of Portland is proposing to require housing developers, who use certain tax increment financing, city-administered Community Development Block Grants, or federal Housing and Urban Development funds, to reserve 10% of units in new projects for users of homeless shelters, the Bangor Daily News reported.
The measure is being recommended less than six months after the city council approved an ordinance requiring housing developers — even those who aren’t accepting city money — building projects with more than 10 units to make at least 10% of those units qualify as “affordable housing.”
Mary Davis, director of the city’s Housing and Community Development division, told the BDN that “two or three” projects each year could be affected by the latest proposal, given recent development trends, and each project could create four or five units for the homeless.
Portland-based affordable housing provider Avesta Housing recently released its 2015 Affordable Housing Activity Report, which concludes that despite a 9% increase in providing affordable housing from 2014, there is growing discrepancy between the affordable housing that's available and the high demand in both southern Maine and New Hampshire.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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