Northern Maine’s only homeless shelter is months away from closure
It takes roughly $100 to keep one shelter bed in Maine open per night with the associated administrative and support services.
It takes roughly $100 to keep one shelter bed in Maine open per night with the associated administrative and support services.
Sweetening the deal is the 4-bedroom, 3-bathroom ranch-style home included with the property.
Residents have until mid-May to come up with the funds, but it’s almost certain to happen given the track record of the group that is helping them.
While prices near MDI are often out of reach, these islands still have some relatively affordable homes.
None are on the market for a lack of customers, as Maine’s lodging revenue totaled more than $2 billion in 2023 and is increasing.
A Maine town of just under 400 people had 17 homes on the market as of Friday valued at $1 million or more, including several built on spec.
What that lofty sum nets you varies from town to town in Maine and even more from end to end.
The loan comes after the residents raised $8 million to beat out a corporate investor and buy their own mobile home park.
The sweeping 10-bedroom property is just a half-mile from downtown. Running it as an inn is optional.
There are few apartments and no senior housing in Cape Elizabeth, where 1 in 4 residents are ages 65 or older.
Sharp rent increases have been tough to swallow across Maine but particularly in rural regions where incomes and housing supply are lower.
Alexander Graham Bell checked in to Revere House while working on a survey of deaf people in the area.
Developers of an 18-unit affordable housing complex in Madison say it would not have happened without a state subsidy.
Sitting just feet from a secluded, sandy beach is a home for sale that would go for millions in southern Maine.
About 775 new affordable housing units became available last year, well below the pace Maine needs to achieve its goal of 84,000 new homes in a decade.
The property, called Beach Rose Preserve, boasts 710 feet of ocean frontage along a secluded cove known as “Bailey’s Mistake.”
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