A nonprofit is taking over a few dozen rental units in Thomaston under a first-of-its kind model for preserving affordable housing properties. State officials and housing advocates believe that same model could be used to rescue the hundreds of other federally subsidized rentals at risk of being sold across rural Maine in the coming years.
A roundup of real estate news, including news from Port Property, MaineHousing, the town of Fairfield, Cousins Maine Lobster and what's left of Olympia Sports.
Maine needs 20,000 affordable housing units to meet the needs of its lowest-income residents. The new program will help MaineHousing evaluate and fund projects.
The Bowdoinham Community Development Initiative invited affordable housing developers, planning board members and residents to discuss future housing options at a town forum.