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Click here to listen how the budgeted cost of some low-income apartments have soared to $314,000 each. Peter Anastos, new board chair of Maine State Housing Authority (MSHA), explains how imposed construction standards have helped to drive up the cost of "affordable" housing paid by taxpayers to unacceptable heights.
Mr. Anastos and the new Board of Commissioners continue to expose past MSHA practices that have forced the cost of some 1,100 square foot apartments to nearly double the median single-family home price in Maine. 6,500 homeless and disadvantaged Maine families struggle to find a safe and affordable home in which to live. Driving down the planned $314,000 cost to build "affordable" apartments will allow more units to be built, thereby helping more families in need.
The 13 minute audio was recorded on November 21 on the Ken and Mike Show, WGAN 560 AM Radio.
Bruce L. Poliquin
For related information and media, visit www.maine.gov/treasurer/outreach.