Mainebiz

W W W. M A I N E B I Z . B I Z 7 J U LY 2 2 , 2 0 1 9 Affordable housing gets $20.8M boost The U.S. Department of Housing and Urban Development awarded $20.8 million in grants to sup- port affordable housing in Maine. According to the office of U.S. Sen. Susan Collins, R-Maine, the funding includes: $11.6 mil- lion in a HUD Community Development Block Grant to the Maine Department of Economic and Community Development; $837,680 in a HUD Community Development Block Grant to the city of Bangor; and $8.4 mil- lion in grants to the Maine State Housing Authority, through HUD's Emergency Solutions Grants pro- gram, Housing Trust Fund and HOME program. The CDBG program provides annual grants to states and local government to develop viable urban communi- ties through housing and economic opportunities. Collins is the chair- woman of the Senate Housing Appropriations Subcommittee. N O T E W O R T H Y S T A T E W I D E U.S. Sens. Susan Collins and Angus King announced that the U.S. Department of Health and Human Services awarded $735,852 for Wabanaki Health and Wellness in Bangor and $736,000 for Maine's Department of Health and Human Services to support youth suicide pre- vention programs in Maine. Arctaris Impact Investors LLC, an im- pact investment fund manager based in Boston, announced that the Finance Authority of Maine agreed in principle to provide up to $10 million in guaran- tees to the company under its commer- cial loan insurance program to sup- port Opportunity Zone investments in Maine. This agreement is expected to anchor $50 million of matching invest- ments from Arctaris into economic and community development projects in Maine by providing additional security for opportunity zone qualified invest- ments made by the Arctaris Principal- Protected Opportunity Zone Fund LP. ConnectME Authority in Augusta ap- proved a total of $731,775 in broad- band infrastructure grants to Alna, Alton, Bowdoinham, and Cambridge to help bring fiber optic service to 867 S T A T E W I D E A 2002 battle over 'working waterfront' has familiar echo A cover story that ran in the Aug. 19, 2002, about tension between developers and marine uses, has a familiar ring to it. Recent tension between developers and the stakeholders on the working waterfront have rekindled the decades-long battle, with city officials in the unenviable position of finding a middle ground. According to the 2002 story, "much of the current waterfront debate can be traced back to 1984, when the Chandler's Wharf condominiums were built, sparking concern among many Portlanders that the waterfront was on its way to becoming a giant, yuppified condo complex." Amazingly, the debate didn't end with that zinger. SP ONSORED BY FUN FACT On a list of Maine's "Top 10 Most Affluent Towns," based on 1998 median household income, the list was topped by a few of the usual suspects in the top three — Cumberland ($64,729), Cape Elizabeth ($63,621) and Falmouth ($60,063). But two you don't see very often were Frye Island (at No. 4, with income of $52,500) and Beaver Cove (at No. 6, with income of $50,833). BerryDunn is proud to announce its merger with Rodman CPAs in Massachusetts. berrydunn.com What our merger with Rodman CPAs means for you: Renewable Energy consulting Outsourced Accounting capabilities Convenient Boston metro location Incredible talent and personalized service 450+ professionals with ofces in 6 states Maine | New Hampshire | Massachusetts | Connecticut | West Virginia | Arizona BerryDunn is the leading assurance, tax, and consulting rm headquartered in New England. Our mission is to help clients create, grow, and protect value.

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