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Posts Tagged ‘state housing authority’

City to Build Modular Multifamily Affordable Housing

July 30th, 2013 Comments off

The Portland (Maine) Housing Authority is planning a 42-unit modular apartment building to provide housing for individuals and families who earn between $18,000 and $45,000 a year. With rents ranging from $535 to $1,000 a month, the $7 million project, Bayside Anchor, will be financed with federal tax credits. Projects from various cities compete for the credits, which a bank then buys and takes a write-off. If the city does not win, the affordable modular housing will not go forward, pressherald informs MHProNews. If the project is chosen, it will begin construction in 2014, and be administered by the Maine State Housing Authority and the city. Approximately 200 structures were demolished in the 1960’s in the Bayside area as part of the city’s Slum Clearance and Redevelopment Administration program. Greg Payne, a development officer with Avesta Housing, who has been acting as the project’s development consultant, says, “The project scored well (in the national competition), but we have no certainty that it will be funded. The tax credits are the linchpin of this project.”

(Image credit: Kaplan Thompson Architects/pressherald)

Delaware General Assembly Passes Rent Justification for Land Lease Communities

June 21st, 2013 Comments off

Following a story MHProNews last covered June 11, 2013 regarding the rent justification bill in the Delaware General Assembly, lawmakers passed SB 33 but removed the requirement that increases be greater than the average annual increase in the Consumer Price Index (CPI) for the last three years. The Delaware State Housing Authority will still consider the request for a raise in rents if the landlord states it will be used to improve the community. If the residents and owner cannot agree on an increase, the matter will go to non-binding arbitration. Another amendment to the Senate version, as delawarenewszap says, is the arbitrator must submit a written decision within 15 days of the arbitration.

(Photo credit: capegazette/Ron MacArthur–land lease community near Rehoboth Shores, Long Neck, DE)