Investing in Maine’s Housing Future: Opportunities Across Five Dynamic Markets
Maine is experiencing a housing affordability crisis that presents both a challenge and an opportunity for mission-driven developers. From the ski towns of the western mountains to the cultural hub of Portland, communities across the state are struggling to house their workforce, young families, and long-time residents. For developers willing to tackle this challenge, Maine offers compelling opportunities to build profitable projects while addressing a critical community need. I’m currently working on affordable housing developments across five distinct Maine markets—Newry, Bethel, Rumford, Waterville, and Portland—each offering unique advantages and serving different community needs. The Western Mountains: Newry and Bethel The western Maine ski region has become ground zero for Maine’s affordability crisis. Newry and Bethel, home to Sunday River and proximity to world-class outdoor recreation, have seen property values skyrocket as second-home buyers and short-term rental investors ...