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Top Industry Highlights: 3/27 - 3/31

31 Mar 2023 5:19 PM | Anonymous

March 27: A coastal Maine suburb is filling empty spaces with housing 

As July 1st approaches and housing law LD 2003 goes into effect, Yarmouth plans to utilize more character-based developments to meet requirements set for all towns. 

Read the full article here.

March 28: Ask the I-Team: Can security deposits be increased alongside rent in Maine? 

The CBS13 I-Team recently looked at rental security deposits being increased as rent is increased under a new lease agreement. RHA President, Brit Vitalius, was interviewed by the CBS13 I-Team: "There is nothing illegal about increasing the security deposit as long as both parties agree...it's relatively rare to see the deposit increased with rent, but because it's usually equal to one month's rent, it's understandable why the owner might want to keep the two the same.

Read the full article here. 

March 28: Riverton Park public housing complex slated for $60 million redevelopment 

On Tuesday, the Portland Planning Board was shown redevelopment plans for the Riverton Park public housing complex. The redevelopment would add over 40 units to the complex. 90% of the units are designated to be set as affordable housing. 

Read the full article here. 

March 28: Cumberland council approves TIF district for affordable housing development 

The Cumberland Town Council, on Monday, approved a tax increment financing (TIF) district for one of its proposed affordable housing developments. The project is one of three Cumberland is reviewing. 

Read the full article here.


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