The Maine Wire
  • News
  • Commentary
  • The Blog
  • About
    • Contact
  • Investigations
    • Data
  • Donate
Facebook Twitter Instagram
Trending News
  • USDA Shuts Down U.S. Mexico Livestock Trade to Contain Deadly Flesh-Eating Parasite Spreading in Mexico That Can Devastate Herds and Infest Humans
  • Maine’s “Success” Battling Overdoses Lost In The (Chinese) Weeds
  • Maine Supreme Court Upholds Shenna Bellows’ Wording of Voter ID Referendum Question
  • Circuit Court Voids FTC’s Rules Making It Easier to Cancel Subscriptions, But Mainers Will Still Reap the Benefits Under New, Bipartisan Law
  • Jared Golden Sponsors Bill Increasing Penalties for Violence Against Law Enforcement as Attacks Spike
  • Massachusetts Republican Party Credits The Maine Wire for Triad Weed Bust in Their State
  • Pro-Mamdani PAC Took Donation From Islamist Cleric Who Vouched For Terror Plot Mastermind
  • Kids Behaving Badly: Six Juveniles Charged in Connection to Burglaries, Vandalism in Bingham
Facebook Twitter Instagram
The Maine Wire
Monday, July 14
  • News
  • Commentary
  • The Blog
  • About
    • Contact
  • Investigations
    • Data
  • Donate
The Maine Wire
Home » News » News » Poliquin: Cost of MaineHousing units to drop by $47,000
News

Poliquin: Cost of MaineHousing units to drop by $47,000

Steve RobinsonBy Steve RobinsonNovember 30, 2012No Comments2 Mins Read
Facebook Twitter Email LinkedIn Reddit
Share
Facebook Twitter LinkedIn Email

This story, titled, “MaineHousing changes standards, lowers cost of low-income projects,” was published November 29 in the Sun Journal.

By Scott Thistle

SJ State Politics Editor

AUGUSTA — Recent changes to building standards and the way low-income housing projects are ranked by the Maine State Housing Authority for federal tax credits appear to be driving down development costs, state Treasurer Bruce Poliquin said.

Poliquin, who sits on MaineHousing’s board of commissioners, said the changes mean the price for low-income housing will drop by a whopping $47,000 per unit, from $197,000 to $150,000.

Prior MaineHousing standards placed a heavy emphasis on adding green energy and energy conservation, but those standards included social programing, such as requiring subcontractors on any publicly funded project to have health insurance.

Poliquin, MaineHousing board Chairman Peter Anastos and a spokeswoman for the agency said Thursday the changes were the result of a yearlong effort to refine the standards and a ranking method that’s used to award about $2.9 million of federal tax credits each year.

Those tax credits help leverage about $25 million in private investment each year that goes toward creating housing for low- and moderate-income individuals and families.

“We met the past year with developers and had them tell us how to lower the cost per unit so we can get more families in these apartments,” Poliquin said. “This is our first run at it and in one year, a 25 percent reduction, a $47,000 savings in one year.”

Read entire article here.

Bruce Poliquin Maine State Housing Authority Poliquin
Previous ArticleMaine ranked "least free" in North American index of economic freedom
Next Article U.S. Dept. of Labor uses backchannel to circumvent LePage
Steve Robinson
  • Twitter

Steve Robinson is the Editor-in-Chief of The Maine Wire. ‪He can be reached by email at Robinson@TheMaineWire.com.

Subscribe to Substack

Related Posts

USDA Shuts Down U.S. Mexico Livestock Trade to Contain Deadly Flesh-Eating Parasite Spreading in Mexico That Can Devastate Herds and Infest Humans

July 12, 2025

Maine’s “Success” Battling Overdoses Lost In The (Chinese) Weeds

July 12, 2025

Maine Supreme Court Upholds Shenna Bellows’ Wording of Voter ID Referendum Question

July 11, 2025

<span class="dsq-postid" data-dsqidentifier="4762 http://www.themainewire.com/?p=4762">No Comments

  1. Genie Jennings on December 2, 2012 2:15 PM

    Thank you, Bruce Poliquin and Governor LePage. The new board has done a great service to the poor families in Maine who have been waiting and waiting for low-income housing, while money was squandered on social projects that did not get the people who needed help into housing. This change is due to the leadership we have had from our Treasurer and Governor. Sadly, we will be losing the State Treasurer. GREAT JOB, BRUCE! You did more in one term than was done in years!

  2. John Frary on December 4, 2012 5:14 PM

    I’m assuming that the Democrats will resume the bi-partisan tradition of choosing some deserving party hack whose duties as State Treasurer will consist of drawing breath and drawing his pay.

Leave A Reply

Subscribe to Substack
Recent News

USDA Shuts Down U.S. Mexico Livestock Trade to Contain Deadly Flesh-Eating Parasite Spreading in Mexico That Can Devastate Herds and Infest Humans

July 12, 2025

Maine Supreme Court Upholds Shenna Bellows’ Wording of Voter ID Referendum Question

July 11, 2025

Circuit Court Voids FTC’s Rules Making It Easier to Cancel Subscriptions, But Mainers Will Still Reap the Benefits Under New, Bipartisan Law

July 11, 2025

Jared Golden Sponsors Bill Increasing Penalties for Violence Against Law Enforcement as Attacks Spike

July 11, 2025

Massachusetts Republican Party Credits The Maine Wire for Triad Weed Bust in Their State

July 11, 2025
Newsletter

News

  • News
  • Campaigns & Elections
  • Opinion & Commentary
  • Media Watch
  • Education
  • Media

Maine Wire

  • About the Maine Wire
  • Advertising
  • Contact Us
  • Submit Commentary
  • Complaints
  • Maine Policy Institute

Resources

  • Maine Legislature
  • Legislation Finder
  • Get the Newsletter
  • Maine Wire TV

Facebook Twitter Instagram Steam RSS
  • Post Office Box 7829, Portland, Maine 04112

Type above and press Enter to search. Press Esc to cancel.