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Bangor committee green-lights staff to develop Section 108 loan proposal, reviews housing strategy and rental-registry pilot
Summary
City staff reported rising housing-permit numbers and presented a consolidated housing strategy; the committee authorized staff to prepare a Section 108 loan-guarantee proposal to access additional capital and discussed making the strategy citywide and continuing rental-registry work.
City staff told the Bangor City Economic Development Committee that completed dwelling units and issued certificates of occupancy have risen in recent fiscal years, and the committee authorized staff to develop a Section 108 loan-guarantee proposal to pursue low-cost capital for housing projects.
Robin Stanicky, community development officer, summarized a consolidated-plan housing strategy that emphasizes production, preservation, affordability, typology (including demand for studios and one-bedrooms), permanent…
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