Mainebiz

W W W. M A I N E B I Z . B I Z 19 S E P T E M B E R 2 2 , 2 0 2 5 F O C U S A U G U S TA / WAT E R V I L L E / C E N T R A L M A I N E Miller has seen a range of demographics coming into previous projects. "We've had people working retail jobs, nurses, doctors, teachers," he says. "Our target is anybody, but it's mostly been younger, single tenants or younger couples." Affordable housing Developers Collaborative is planning to two phases of affordable housing, envisioned as an "intergenerational campus," on city-owned property at 33 Union St., a former Augusta Police Department site. e project team includes Ginny Stanley at Invivid Architects and civil engineer Adrienne Fine at Terradyn Consultants. Building one will have 50 one-, two- and three-bedroom apartments for families and a 3,000-square-foot child care space. "We've been discussing this space with the adjacent Kennebec Valley YMCA as a potential expansion of their existing child care program, for which there is strong demand," says Laura Reading, the Portland firm's director of afford- able housing. If low-income housing tax credits for the first phase come through, construction could start in approximately one year. Building two will be primarily one-bedrooms, with some studios for 55-plus households. "We've had previous successful developments in Augusta and wanted to continue to work with the city to develop more affordable housing," says Reading. L a u r i e S c h r e i b e r , M a i n e b i z s e n i o r w r i t e r , c a n b e r e a c h e d a t l s c h r e i b e r @ m a i n e b i z . b i z Data provided by SHOOK® Research, LLC. Data as of 3/31/24 Source: Forbes.com (January, 2025). Forbes Best-in-State Wealth Management Teams ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team's best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK's research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client's experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC. Securities offered through LPL Financial, Member FINRA/SIPC R E N D E R I N G / C O U R T E S Y O F I N V I V I D A R C H I T E C T U R E A 102-unit affordable housing project at the former Augusta Police Department site at 33 Union St. is being advanced by Developers Collaborative.

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