News: Northern New England

Eckman Construction begins $2.2 million affordable housing project for NeighborWorks Greater Manchester

There will soon be 16 new units of affordable housing in town. NeighborWorks Greater Manchester, with help from Eckman Construction, is building four new structures with four townhomes in each at the corner of Bypass 28 and Whitehall Rd. The affordable townhome apartments will be a mix of 2- and 3-bedroom units, and include one completely handicapped-accessible unit. A new access road to the residences, to be named Mallard Rd., will enter off Bypass 28. To make room for the new development, an existing home on the corner was demolished. "The townhomes are right on schedule for an early winter completion," said Eckman vice president John Deloia. "We have enjoyed working with NeighborWorks Greater Manchester before, and are proud to have a part in bringing more workforce housing to the area." NeighborWorks Greater Manchester is a non-profit organization that provides access to quality housing services to individuals and families in the Greater Manchester region by revitalizing neighborhoods and supporting opportunities for personal empowerment. "This is our second project outside the Manchester city limits. We recognize the crucial need for affordable workforce housing throughout the greater Manchester area, and we believe this project will make a real difference for those in need of affordable rental options in Hooksett," said Robert Tourigny, executive director of NeighborWorks Greater Manchester. When this project is complete, NeighborWorks Greater Manchester will have over 300 affordable rental units in their portfolio providing affordable homes for over 700 qualifying individuals throughout the area. The $2.2 million project was designed by John S. Jordan Design, PLLC of Canterbury.
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Northern New England

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Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units. 

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