BANGOR — During Monday’s city council workshop, officials from the Bangor Housing Authority announced the U.S Department of Housing and Urban Development is looking to push them out of the public housing business.
If that actually happens, public housing in Bangor in its current form may not exist in the next three to five years.
Housing authority Executive Director Mike Myat said HUD is urging them to go to a private model, meaning they’d create a private partnership to receive an investment that the housing authority can use to make their property more livable for current residents.
“Everyone would stay, it’s just it would no longer be called public housing. There will be some vouchers, they’ll be some traditional sort of rent that folks would pay on their own with some sort of subsidy, it’d probably just be tiered down,” he said.
The affordability will remain but the properties won’t be owned by the housing authority, they’ll be owned by a partnership the authority will develop with a private investment company.
No names have been given as to where that private investment might come from.