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Portland Housing Report Indicates Gap In Affordability

PORTLAND, Maine - Policy changes and public financing have produced more housing in Portland, Maine, however prices remain unaffordable to some city residents.A report from the city indicates that most construction approved in the last five years is reserved for low-income residents or is a high-end rental property.

The Portland Press Herald reports that housing isn't being built for young families or low-wage workers.

At-large Councilor Jill Duson says housing is an asset becoming more unachievable for most who live in Portland.

According to a biennial report on Portland's housing situation, the average median household income is $51,800 and the median home price is $316,000. MaineHousing reports that in order to afford the median home price residents would need a household income of $102,173.