SKOWHEGAN — Gov. Janet Mills and House Speaker Ryan Fecteau broke ground on a new affordable housing project in Skowhegan.
The Mary Street Apartments in Skowhegan will soon be home to 40 new affordable housing units.
“It’s 100 percent affordable housing, which means all the units go to either people who make between 50 and 60 percent of AMI or area median income,” said Dave Pelton, director of real estate development for Kennebec Valley Community Action Program (KVCAP).
This project is a result of Fecteau’s legislation, an Act to Create Affordable Workforce and Senior Housing and Preserve Affordable Rural Housing.
Fecteau said this was signed into law by Mills last year creating the Maine Affordable Housing Tax Credit Program, which is an $80 million investment over eight years.
“The program, which Maine Housing now administers, will increase the number of affordable housing units produced in Maine each year by more than half,” Fecteau said.
Fecteau said housing is a statewide issue.
“Together, we can make significant headway on one of the largest challenges facing our state, providing safe, affordable housing to our working families and to older Mainers,” Fecteau said.
Mills and Fecteau also announced $38.6 million made available through Maine Housing from refinancing existing bonds.
“Maine Housing will be turning that money into good use across the state of Maine. It literally could be thousands of units, new units of housing that are affordable for the workforce that we need to come here and stay here, for families who are without homes now and families who cannot afford the homes they’re in,” Mills said.
Pelton said the construction on these apartments is expected to take about 13 months.