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Click here to watch Treasurer Poliquin and new Maine State Housing Authority (MSHA) board members ask why taxpayers should pay for 1,100-square-foot apartments budgeted at $314,000 each. The 3:33-minute Channel 6 TV news segment was broadcast on Tuesday.
The MSHA goal is to develop as many affordable apartments as possible to help as many homeless families as possible. Unfortunately, MSHA has created standards that drive up the cost to build these "affordable" units, resulting in the 35 Elm Terrace apartments in Portland currently budgeted at $314,000 each. Creating incentives to drive down the cost of these apartments will help more families in need, and also create more construction jobs in Maine.
Developing truly affordable housing in Maine is fair to the taxpayers paying the bill, and to the disadvantaged families hoping for a safe place to live.
For related information and media, visit www.maine.gov/treasurer/outreach.