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U.S. Senators Susan Collins, Chairman of the Transportation, Housing, and Urban Development Appropriations Subcommittee, and Angus King announced today that the Department of Housing and Urban Development has awarded two Community Development Block Grants totaling $1,853,497 to Cumberland County and the City of Biddeford.

The Maine Real Estate & Development Association (MEREDA) is pleased to announce the appointments of Bruce Jones, Creative Office Pavilion and Brian Curley, PDT Architects to Vice Presidents for 2015 -2016

In advance of the President’s expected announcement later today of a new initiative to expand high-speed broadband access for families across the country, U.S. Senator Angus King (I-Maine), the sponsor of legislation that would support innovative ways to improve student access to the Internet at home, released the following statement

The Maine Real Estate & Development Association (MEREDA) is pleased to announce its 2015-16 slated officers, which include Paul Peck of Drummond & Drummond, Brian Curley of PDT Architects, and Bruce Jones of Creative Office Pavilion, all serving as Vice Presidents, and Bill Shanahan of Northern New England Housing Investment Fund as Treasurer. Michael O’Reilly of Bangor Savings Bank will continue as President, in the second year of his two-year term, and Shelly R. Clark has been promoted from Assistant Secretary to Secretary of the Board.

Jaimie Schwartz of Bernstein Shur served as a contributing member of the MEREDA Board for the past 13 years. MEREDA recognized Schwartz in 2011 with its Robert B. Patterson, Jr. Founders’ Award, which honors members of MEREDA who have distinguished themselves by making significant contributions to the industry and the organization over many years.

Bowdoin College in Brunswick, Maine is being recognized by EPA with a 2015 Energy Star Combined Heat and Power (CHP) award. CHP technology produces electricity and useful heat simultaneously from a single energy source, such as natural gas, oil, or biomass. For hospital systems and universities, CHP systems can also provide reliability benefits which ensure that these facilities’ operations can continue in the event of power outages

USDA Rural Development Under Secretary Lisa Mensah announced today that 13 Maine businesses have been selected to receive grants under the USDA Rural Development Rural Energy for America Program (REAP).

According to Maine Listings, 1,335 single-family existing homes changed hands last month, leading to a 2.53 percent increase in sales overall. The median sales price (MSP) for those homes reached $185,000—a rise of 8.86 percent. The MSP indicates that half of the homes were sold for more and half sold for less.

Today the U.S. Department of Treasury allocated $55 million in New Markets Tax Credit capacity to CEI Capital Management. The firm will deploy the award to economic development projects that create opportunity in rural, low-income communities across the nation

On Thursday June 18, 2015, the Maine Public Utilities Commission (Commission) will hold a public witness hearing to hear citizen views on the Maine Natural Gas (MNG) proposed increases in rates. The public witness hearing will take place in the Multi-Purpose Room at Brunswick High School located at 116 Maquoit Rd., Brunswick, ME and will begin at 6:30 p.m.

During a hearing today in the Senate Energy and Natural Resources Committee, U.S. Senator Angus King (I-Maine) said the United States must better prepare the electricity grid for cyber-attacks, particularly in the wake of last week’s announcement about a cyber-breach at the U.S. Office of Personnel Management

U.S. Senators Susan Collins, Chairman of the Transportation, Housing and Urban Development Appropriations Subcommittee, and Angus King announced today that the U.S. Department of Housing and Urban Development (HUD) has awarded Pleasant Point Reservation Housing Authority $410,710 to support the protection of the waste water treatment plant at the Passamaquoddy Tribe Pleasant Point Reservation.

MaineHousing will honor 28 exceptional property owners and landlords who participate in the Section 8 Housing Choice Voucher Program during the agency’s first Owner Excellence Program ceremony on Tuesday, June 9, in Augusta

The Maine Real Estate & Development Association (MEREDA) relies on the generous support of its volunteer officers and Board of Directors to fulfill its mission of promoting an environment for responsible development and ownership of real estate throughout Maine. Many have distinguished themselves by making significant contributions to the real estate industry and to MEREDA over many years. Two of MEREDA’s longtime Board members will be retiring from the organization and were recently recognized at MEREDA’s Board Meeting on May 27.

According to grantee estimates, this project will enable the expansion of an existing industrial area, creating 325 jobs in manufacturing, warehousing, distribution, and business services, and generating $34 million in private investment.