AUBURN — The Maine Real Estate and Development Association will host a breakfast seminar focusing on forging public-private partnerships to revitalize Lewiston’s housing stock.
The event, sponsored by KeyBank, will take place from 7:30 to 9 a.m. Nov. 10 at the Hilton Garden Inn, Auburn Riverwatch, 14 Great Falls Plaza.
Lewiston’s downtown housing landscape features many significant challenges with more than 70 percent of the downtown rental housing built before 1940. Many of those properties have effectively outlived their useful life, and rents in the market do not provide owners with enough equity to sufficiently reinvest in physical improvements to the properties.
The presentation will discuss the strategies and challenges to developing successful affordable housing projects in today’s economy and discuss when and how municipalities can play a role in making these deals happen.
Speakers include Jim Hatch of Developers Collaborative; Dennis Lajoie, director of real estate and subsidiary operations for Community Concepts Inc.; and Mark McComas, acting director of economic and community development for the city of Lewiston.
Registration for this event is requested on or before Nov. 4. Payment is expected at the time of registration. No refunds will be granted to anyone who registers but fails to attend or who cancels after Nov. 4. Cost is $25 per person; after Nov. 4, $35. Register at: www.mereda.org.
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