PORTLAND (AP) — Federal heating aid to low-income Mainers has been delayed primarily because of the federal budget battle and government shutdown last month. A spokeswoman for MaineHousing, which oversees the Low Income Home Energy Assistance Program in Maine, said the agency usually knows by October how much funding it will receive. By Friday, the […]
housing
Posted inNation / World, sj-web
AP source: JPMorgan to pay $13B under tentative deal
WASHINGTON (AP) — JPMorgan Chase & Co. has tentatively agreed to pay $13 billion to settle allegations surrounding the quality of mortgage-backed securities it sold in the run-up to the 2008 financial crisis, a person familiar with the negotiations between the bank and the federal government said Saturday. If the agreement is finalized it would […]
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Posted inMaine, sj-web
Maine State Housing Authority won’t ban medical marijuana users yet
AUGUSTA — A lack of federal guidance on the use of medical marijuana in federally subsidized apartments led the Maine State Housing Authority board of commissioners on Tuesday to delay a decision on the issue for up to another year. Commissioners and MaineHousing Director John Gallagher expressed deep frustration that despite repeated attempts to secure […]
Posted inLewiston-Auburn
Lewiston landlords challenge housing project
LEWISTON — A group of landlords hope to challenge the city’s approval of a low-income housing project downtown. “We already have a lot of low-income property, and this won’t contribute to our tax base,” Darcy Reed, who owns two units downtown, said. “Just as a taxpayer, this concerns me,” Reed said. “Even if I were […]
Posted inLewiston-Auburn
Councilors confident about Pierce Street housing project
LEWISTON — Councilors said they hoped a public housing project proposed for downtown lots where apartment buildings burned on May 3 would make the area better. Volunteers of America Northern New England would bring meals, counseling and financial education to public spaces at their proposed Pierce Place development, Vice President of Business Development Julia Wilcock […]
Posted inLewiston-Auburn
Housing project seeks to reclaim units lost in May fire
LEWISTON — A proposed downtown project would resurrect 30 housing units lost in a May 3 fire that burned four apartment buildings and left dozens homeless. Volunteers of America hopes to build a housing development on lots at 110 and 114 Pierce St. and 145 and 149 Bartlett St. The buildings there were part of […]
Posted inNation / World, sj-web
Obama pitches mortgage overhaul as housing rallies
PHOENIX — Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation’s mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be left “holding the bag” for the mortgage giants’ bad bets. Obama outlined his proposals in […]