Yarmouth begins construction on 18-unit affordable housing project
What happened
Construction began in Yarmouth for a new affordable housing project consisting of 18 one-bedroom apartments on Cleaves Street, behind the Town Hall. The total cost of the project is $6.3 million, with MaineHousing providing a $3.1 million subsidy and a $2.9 million interest-free loan. David Craig, Council Chair, spoke at the groundbreaking ceremony for the project.
From pressherald.com
Why it matters
The project represents the first affordable housing build in Yarmouth since 2018, addressing a long-standing need for increased affordable housing stock in the town. The apartments are projected to have a monthly rent of $1,800 including utilities.
Restore Britain and Great Yarmouth First have shared political goals and leadership, aiming to take full control of the entire council.
From pressherald.com
Who's involved
- David CraigCouncil Chair in Yarmouth, who attended the groundbreaking ceremony
- YarmouthThe municipality where the new affordable housing project is located
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- YarmouthSpeculative
Local housing demand might be affected by the introduction of new affordable rental units.
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The entities involved
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David Craig
Nothing else this week.
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Yarmouth
town in Cumberland County, Maine, United States