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Full-Text Articles in Real Estate

Seeing The Forest For The Trees: The Future Of Timber Investing In The North Woods -- A Conversation With Clark S. Binkley, Peter Howell Jan 2007

Seeing The Forest For The Trees: The Future Of Timber Investing In The North Woods -- A Conversation With Clark S. Binkley, Peter Howell

Maine Policy Review

In this conversation with Peter Howell, Clark Binkley draws on his long-term experience as a timberland investment manager to give his analysis of and forecast for timber markets and timber investing in the Northern Forest. While he is not optimistic about the current prospects for such investments, he does believe that there are some opportunities in conservation easements, residential development, and possibly biofuels and carbon credits.


Lurc’S Challenge: Managing Growth In Maine’S Unorganized Territories, Jerry Bley Jan 2007

Lurc’S Challenge: Managing Growth In Maine’S Unorganized Territories, Jerry Bley

Maine Policy Review

Maine’s Land Use Regulation commission (LURC) oversees an area covering roughly half the state. Plum Creek’s Moosehead Lake Concept Plan has brought LURC into the spotlight. Jerry Bley presents the history of this unique agency, the lands under its jurisdiction, how it has managed development, and what may lie ahead. In developing its Comprehensive Land Use Plan update, LURC needs to seek common ground for solutions that preserve the unique qualities of the area in its jurisdiction, while providing landowners opportunities to realize the financial values of their lands.


Government-Assisted Rental Accommodations: Should They Accommodate Homeowners With Unmet Needs?, Stephen M. Golant Jan 2003

Government-Assisted Rental Accommodations: Should They Accommodate Homeowners With Unmet Needs?, Stephen M. Golant

Maine Policy Review

Stephen Golant, a national expert on elderly housing concerns, describes the types and seriousness of housing problems facing elders nationally and in Maine. Although older adults are predominantly homeowners, national policymakers often downplay the needs of this group and hand over responsibility to state and local governments. The author reviews arguments that cynics have offered for deemphasizing older homeowners’ needs, and discusses various solutions to meet those needs. He poses the question: Do we unrealistically romanticize aging in place? As the title of the article suggests, Golant proposes that a good solution to the needs of older homeowners is to ...


Getting Creative About Elderly Housing, Frank O’Hara Jan 2003

Getting Creative About Elderly Housing, Frank O’Hara

Maine Policy Review

In his commentary on Stephen Golant’s article in this issue, Frank O’Hara notes that Golant has very successfully identified the problems of some older homeowners. However, he suggests that the solution Golant proposes—government-assisted rental housing—may apply to only a few members of the group. Moreover, very little government-subsidized rental housing is being built or planned in Maine. Using Golant’s data, O’Hara extrapolates that affordability is the primary problem for older Maine homeowners. He notes that very few are interested in the public policy alternative that would best meet their needs, namely reverse mortgages. However ...


A Challenge For The Next Decade: Preserving Affordable Rental Housing, Laura Burns Jan 1999

A Challenge For The Next Decade: Preserving Affordable Rental Housing, Laura Burns

Maine Policy Review

Many of Maine’s low-income families and elderly residents have been able to secure affordable housing with help from a Section 8 certificate, which allows residents to pay no more than 30 percent of their income toward rent and ensures the federal government will make up the difference. Over the years, much of the development of Section 8 housing projects has been assisted by financial incentives and agreements between private and non-profit owners and the federal government. Yet recent changes in federal legislation remove many of these incentives and the agreements that go with them. As a result, some of ...


Maine’S Future Housing Needs: An Mpr Interview With David Lakari, David Lakari Jan 1999

Maine’S Future Housing Needs: An Mpr Interview With David Lakari, David Lakari

Maine Policy Review

Since 1994, David Lakari has been director and chair of the Maine State Housing Authority. The Maine State Housing Authority is an independent state agency and a $1.5 billion financial institution. Its mission is to help Maine’s low- and moderate-income citizens obtain and maintain decent, safe, and affordable housing and services suitable to their needs. In this interview, Lakari focuses on his concerns for the future, in particular, the need to find suitable housing options for one of Maine’s fastest-growing demographic groups—the middle-income elderly. While Maine has been doing a good job of building the capacity ...


Ten Years Of Affordable Housing Policy: Is Maine Making Progress-- A Symposium, Elizabeth H. Mitchell, Dennis P. King, James B. Hatch, Jay Hardy Jan 1999

Ten Years Of Affordable Housing Policy: Is Maine Making Progress-- A Symposium, Elizabeth H. Mitchell, Dennis P. King, James B. Hatch, Jay Hardy

Maine Policy Review

In December 1987 Governor McKernan appointed a 30-member, statewide task force to address the issue of affordable housing in Maine. The task force was charged with investigating the quality and cost of affordable housing for lower- and middle-income families, and recommending a set of actions to improve the quality of existing housing as well as to increase the supply of housing. In September 1998 the Task Force issued a report that prescribed a number of local and regional—as well as private and public—solutions to the problem of affordable housing. More than ten years later Maine housing advocates note ...


The Importance Of Moderately Priced Rental Housing To Continued Economic Growth (Or, Portland’S Rental Housing Plight), Erin Maclean Jan 1999

The Importance Of Moderately Priced Rental Housing To Continued Economic Growth (Or, Portland’S Rental Housing Plight), Erin Maclean

Maine Policy Review

Currently, the Greater Portland, Maine area is experiencing a significant shortage in both subsidized rental housing and moderately priced, market-rate rental housing. According to Erin MacLean, the problem is that even with heightened demand, historically low interest rates, and historically high rents, developers are finding that new, market-rate housing is too expensive to build in Portland. The lack of moderately priced housing has affected local business owners as well, who report they are finding it difficult to hire workers in the $8 to $15 range. Their efforts to recruit and retain workers place an upward pressure on wages, which can ...


Community Land Trusts: Permanently Affordable, Resident-Controlled Housing, Fred Stocking Jan 1999

Community Land Trusts: Permanently Affordable, Resident-Controlled Housing, Fred Stocking

Maine Policy Review

Since 1997 Maine has enjoyed one of the highest levels of home ownership in the country. As Fred Stocking points out, homeownership contributes to community stability and provides a sense of security to families. Yet not all of Maine families are able to achieve their dream of homeownership. Community Land Trusts (CLTs) represent an attempt to build community and solve an affordable housing problem for Maine’s low-income residents. CLTs are non-profit organizations that require the joint involvement of residents and non-residents in the housing development and management, and resale price restrictions that keep the housing affordable indefinitely. In this ...


Appreciating The House: Housing As An Investment, Miriam Wasserman Jan 1999

Appreciating The House: Housing As An Investment, Miriam Wasserman

Maine Policy Review

A house is both a provider of services that its occupants consume and a long-lived asset that can fluctuate in value. Although homes offer both consumption and investment benefits, most prospective homebuyers give priority to a house’s consumption aspects. As Miriam Wasserman points out, for many buying a home represents the fulfillment of a lifelong dream. Homes become the stage for daily routines and major life events; they give families a sense of achievement and the hope of a secure future. However, the problem with buying a house is that you can’t buy a small share of it ...


Funding Maine’S Mortgage Market (Or, Who Sets Mortgage Rates, Anyway?), Chris Pinkham Jan 1999

Funding Maine’S Mortgage Market (Or, Who Sets Mortgage Rates, Anyway?), Chris Pinkham

Maine Policy Review

Some have argued that the state of Maine sits in a far away corner of the nation’s transportation system, and others feel that map makers have slighted our state in terms of its northern and eastern boundaries to accommodate large, flat maps of the country. Maine’s mortgage market may well be the opposite situation as both rates and a bank’s funding sources are not uniquely positioned as transportation or cartography may be. Rather, the mortgage business is part of a complex web of international markets that, for all practical purposes, has taken rate-setting away from Maine lenders ...


Housing Policies In Maine: A Historical Overview, Frank O’Hara Jan 1999

Housing Policies In Maine: A Historical Overview, Frank O’Hara

Maine Policy Review

Frank O’Hara traces the evolution of Maine’s housing policies from Maine’s settlement after the Revolutionary War to the current era, where concerns about sprawl and the preservation of communities have come to the fore. In doing so, O’Hara points out that the approach to housing has always reflected more than a desire to ensure every person has adequate shelter. Rather, it reflects core values and beliefs about society, our sense of beauty, and our relationship to the environment and one another. O’Hara urges policymakers to keep these broader constructs in mind when addressing Maine’s ...


Regulatory Updates: Maine Public Utilities Commission, Land Use Regulatory Commission, Ralph Townsend, Ruth Robinson Jan 1994

Regulatory Updates: Maine Public Utilities Commission, Land Use Regulatory Commission, Ralph Townsend, Ruth Robinson

Maine Policy Review

No abstract provided.