Penquis held a groundbreaking ceremony to mark the start of construction for the Stephen B. Mooers village.
It'll be a new affordable housing development with an initial 39 units for people over 55.
"We know that there's a serious lack of housing in general in the area. This is 39 units, its a start. We hope that we can have future faces right here in this location so to continue to put 40 units year after so that we can continue to address that need, it's going to take time but its absolutely the right place for us to be focusing our energy," Penquis President and CEO Kara Hay said.
Penquis officials said the seven million dollar project will be completed soon and it couldn't have happened without help from the city council and various other entities.
"About two years ago we started to developing what this would look like and we look to have this wrapped up by the end of next year. So a total of almost four years from start to finish," Hay said.
She also stressed the importance of the location of the new complex for future tenants.
"They're going to live longer healthier happier lives. They're also in this gorgeous spot right next to Bangor High School and close to shopping and banks and health care. So having a location that works to access services is absolutely critical and wonderful," Hay said.
At the ceremony, the people who knew him said Stephen B Moores was a very passionate and caring man, and that the village will be the perfect symbol of the impact his legacy has had on the community.