In a recent Bangor City Council meeting, the urgent need for low-income housing took center stage, highlighting significant challenges facing the community. Council members discussed an article by Kathleen O'Brien from the Bangor Daily News, which pointed out the difficulties Bangor encounters in developing affordable housing. O'Brien noted that despite a pressing demand for approximately 700 low-income housing units, developers are hesitant to invest due to profitability concerns.
Ethan Strimling, a political figure from Portland, echoed these sentiments, suggesting that the city must explore funding options to facilitate the construction of low-income housing. He proposed that the city could create or identify financial resources, such as a loan program, to support these developments.
Director Krieg provided insight into ongoing efforts, mentioning a project on Grandview that involves city-owned land and ARPA funds. However, even with this support, the project requires additional funding from Maine State Housing to be viable, as it targets households earning 80 to 120% of the median income, not strictly low-income residents.
The discussion underscored a broader concern: the rising construction costs are hindering developers' ability to build affordable housing. City staff are currently tasked with exploring potential funding mechanisms to address this pressing issue. As the council continues to navigate these challenges, the urgency for effective solutions remains clear, with the hope that future developments will better serve Bangor's housing needs.