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On January 5, 2011, The Lofts at Bates Mill was awarded $5.2 million in low-income housing tax credits by the Maine State Housing Authority to convert Building No. 2 into 48 mixed-income apartments. [4] The $9.2 million project includes 33 subsidized apartments and 15 market-rate apartments.
In 2011, the Maine State Housing Authority approved the building and the adjacent empty lot at 68 High Street for 38 low-income housing units. The building was renovated to fulfill the Americans with Disabilities Act requirements, including the addition of elevators. The first floor of 66 High Street included parking units.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Dec. 5—AUGUSTA, Maine — Maine has advanced a housing policy agenda that would be among the most aggressive in the nation in addressing soaring costs, but it faces a difficult path in a state ...
But in Maine, maybe we should be looking a little closer to home — even at the nice people at town hall. A state commission that is looking at ways to address our affordable-housing crisis has ...
(The Center Square) — Chronic workforce shortages and a lack of affordable housing are throttling down Maine's economic growth, according to a new report that calls for increased funding and ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
Housing subsidies are government funded financial assistance programs designed to mitigate the costs of housing for low-income tenants. Subsidies can be provided in the form of housing vouchers given to tenants, e.g. Section 8 (Housing), or via direct deposits to landlords with government contracts to provide affordable housing.