MaineHousing's 2025 Report: Record Gains in Affordable Housing
Portland Maine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
MaineHousings 2025 Annual Report reveals significant strides in addressing Maines affordable housing crisis. They distributed $321,778,689 in loans to homebuyers, with average mortgages increasing to $252,574. A record-breaking 1,274 first-time homebuyer loans were secured. The report also highlights a substantial rise in new affordable homes, with 276 units added across 21 locations, compared to just 40 the previous year. MaineHousing supported over 3,500 low and moderate-income households through the Housing Choice Voucher Program and assisted 45,345 households with the Home Energy Assistance Program. Twenty-one affordable housing projects were completed, and 34 more are in progress. Seven million, two hundred eighty-seven thousand, four hundred seventeen dollars were invested in emergency shelters and housing aid. These advancements continue to alleviate Maines housing shortage, promising stability for more families in the future.
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