POAH Moves Forward on First Maine Project
By AHF Staff
Preservation of Affordable Housing (POAH) announced it has closed on key financing for its first development in Maine.
The 72-unit Lambert Woods North will provide critically needed affordable family in Portland’s North Deering neighborhood. The wooded site was acquired from the city.
The national nonprofit is the lead developer and is collaborating with local partner Maine Cooperative Development Partners (MCDP), which secured the property through an RFP process issued by the city in early 2021.
“POAH is pleased to begin its first affordable housing development in the state of Maine, which has seen housing prices rise dramatically, making Portland in particular, less affordable for families,” said POAH president and CEO Aaron Gornstein. “The city of Portland and MaineHousing are responding proactively, and we look forward to a strong partnership that will serve residents with much needed housing.”