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Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors

Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors

by Phil Hall | Nov 29, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A Maine legislator is proposing a constitutional amendment that would put a 2% annual cap on property tax assessment increases for residents who are 65 years and older. The Bangor Daily News reported State Sen. Joe Baldacci’s proposal would only apply to primary...
Portfolio+ Launches Reverse Mortgage Product

Portfolio+ Launches Reverse Mortgage Product

by Phil Hall | Apr 18, 2024 | Current News & Events, International Real Estate News, Mortgage Information, Real Estate News, WRE News Exclusive

Portfolio+ Inc., a Toronto-based provider of financial services systems and technologies for the Canadian market, has added a reverse mortgage product to its offerings. According to the company, the new reverse mortgage solution will enable financial institutions to...
CVS Health Invests $8.4 Million in Maine Senior Housing Project

CVS Health Invests $8.4 Million in Maine Senior Housing Project

by Phil Hall | Jun 21, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The pharmacy chain CVS Health (NYSE: CVS) has expanded its focus into real estate with an $8.4 million investment into an endeavor by Community Housing of Maine (CHOM), the Portland Housing Authority and Boston Financial for the construction of 52 affordable housing...
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