Bangor region needs to invest M annually to keep pace with housing demands
The Bangor region alone will need to invest about $5 million in new housing development for each of the next five years to keep up with anticipated...
The Bangor region alone will need to invest about $5 million in new housing development for each of the next five years to keep up with anticipated demand, according to a recent study. The research, commissioned by the Maine Affordable Housing Coalition, suggests that as the regional population ages, more workers will need to move to Bangor and its surrounding communities, putting a strain on an already tight housing market. To meet those demands, the Bangor region will need to add an average of 300 homes or rental units each year to accommodate older adults and people moving to the area for work.