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Funding for child care, harbor pilots among priorities at forum on how to use Portland s pandemic aid
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Justice for Jen rally held in Portland to raise issues over affordable housing © Provided by WMTW Portland ME Demonstrators in Portland s Monument Square rally for affordable housing
Dozens of activists and community leaders rallied in Portland s Monument Square over issues of affordable housing and health care.
The rally was called Justice for Jen. Organizers say Jen Cobb was a local person experiencing homelessness who died recently following surgery. Sign up for our Newsletters
Some advocates called on Portland city officials to invest in multiple small shelters to help house people experiencing homelessness, as opposed to a 200-bed plan the city is considered in the Riverton neighborhood.
Justice for Jen rally held in Portland over affordable housing
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“Did you sell your house in Portland?”
Did we sell the property or rent it out? Or did we leave it there vacant?
It is all about MATH.
Before I reveal our decision, let me give you more details. You can analyse it and see if you have come to the same conclusion as ours.
The Math of Selling Our House
In the USA, there is a capital gain tax for real estate sales. However, there is an exclusion of up to $500,000 tax-free gain, provided that we meet the criteria. Fortunately, when we sell our primary residence within the next three years after we move, we don’t have to pay taxes on the gain.
The Maine State Housing Authority, known as MaineHousing, announced Tuesday it has allocated more than $30 million for nine affordable housing developments across the state.
The investment consists of $26.2 million in state and federal tax credits that will generate close to $70 million in equity from private investors, plus a $4.2 million subsidy, to build or renovate the developments.
MaineHousing said the funding will create or preserve 430 housing units, of which 388 will serve households at or below 60% of the area s median income.
Out of 15 proposals seeking nearly $12.6 million in federal funding, the Augusta-based agency selected nine developments for funding.
Projects include Szanton Co. s apartment project in downtown Bath, to provide 42 units affordable units for older adults, and new construction of 45 units of public housing in Maine s most populous city by the Portland Housing Authority. (See the full list below.)
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