Bedford, NH TFMoran has donated $5,000 to NeighborWorks Southern New Hampshire in support of West Side RENEW, an initiative to redevelop and preserve properties in significant decline or in need of capital improvements on Manchester’s West Side.
West Side RENEW complements NeighborWorks Southern New Hampshire’s overarching community building mission in this area of Manchester, which began in 2006 with the West Granite Revitalization Initiative that resulted in more than $5 million in investment over nine years to increase the home ownership rate, expand the number of owner occupied multifamily properties, and reduce neighborhood density.
The current effort continues NeighborWorks Southern New Hampshire’s focus on eliminating or redeveloping dilapidated or problem properties in the area and increasing the number of affordable rental units. TFMoran’s contribution will support the redevelopment of 459 Granite St. to create 4 new affordable rental apartments in a currently uninhabitable building.
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.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.