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Mount Desert

Mount Desert Island housing trust raises funds to build more median-income homes

Originally projected to cost $2.4 million, rising construction costs drove up the third phase to $3.05 million. Grants totaling $750,000 plus a challenge match bridged the gap.

MDI Hospital gets $4M gift to help fund major upgrade

The hospital serves a year-round population of 5,500. But a seasonal spike of summer residents and visitors puts total visits at 70,000 yearly. The $41.3 million project is underway to expand and modernize the campus.

Legacy Properties Sotheby’s International Realty expands offices

For its Northeast Harbor office, the company scooped up five agents from Blue Hill real estate agency Downeast Properties.

In Mount Desert, Island Housing Trust launches into next phase of housing development

The $3 million third phase will add nine homes to the Ripples Hill development, doubling its size.
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Island Housing Trust’s new director brings nonprofit leadership experience

Most recently, incoming director Sherry Billings led Hancock County Habitat for Humanity, overseeing construction and repair projects and quadrupling volunteer engagement.

Maine developer of affordable, energy-efficient homes will ramp up

Mount Desert-based Zero Energy Homes hired an aerospace manufacturing specialist to lead development of affordable, energy-efficient homes and a modular-home manufacturing facility.

Mount Desert voters approve funding to build year-round housing

The vote on bond funding allows Island Housing Trust to move forward with development of nine homes for the local workforce.

Biomedical and conservation research are driving expansion of organizations across Maine

Research organizations across the state have expansion projects in the pipeline as they tackle various goals to enhance facilities, partnerships, research capabilities and education.
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MDI housing trust leadership search underway as director prepares to retire

Finding affordable housing has worsened as real estate price escalated. Island Housing Trust adaptations include collaborations, down-payment assistance and covenants.

Northeast Harbor real estate firm welcomes new ownership

Keating Pepper joined the company as a broker in 1988 and became a co-owner in 1994. 
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