What's Happening?
Bath Iron Works (BIW), in collaboration with Developers Collaborative, has commenced the construction of three apartment buildings aimed at providing affordable housing for shipyard workers in Bath, Maine.
The project, located at 150 Congress Ave., will feature 84 units, including studios and one- and two-bedroom apartments. This initiative is part of BIW's strategy to attract and retain its workforce by offering housing within walking or biking distance of the shipyard. The development, which has been in planning for several years, is a significant step by BIW and its parent company, General Dynamics, to address the housing challenges faced by their employees. The project is funded by General Dynamics and the Navy, with additional financing from Developers Collaborative. The apartments will be priced below market rate to ensure affordability for entry-level shipyard workers.
Why It's Important?
The construction of workforce housing by Bath Iron Works is crucial in addressing the housing affordability crisis faced by shipyard workers in Midcoast Maine. By providing affordable living options close to the shipyard, BIW aims to reduce long commutes and improve the quality of life for its employees. This initiative is expected to enhance employee retention and attract new talent, which is vital for maintaining the shipyard's operational efficiency. The project also aligns with Bath's Comprehensive Plan and Complete Streets policy, which focus on improving connectivity and infrastructure in the area. The support from Maine's congressional delegation and the Navy underscores the project's significance in bolstering the local economy and supporting the shipbuilding industry.
What's Next?
As the construction progresses, BIW plans to implement additional measures to support its workforce, including a new bus service connecting the apartment buildings to the shipyard. This is expected to accommodate the anticipated increase in demand for transportation. The project is also likely to stimulate further infrastructure improvements in the area, such as enhanced sidewalks and traffic calming measures. The successful completion of this housing project could serve as a model for other industries facing similar workforce housing challenges, potentially influencing future public policy and private sector initiatives.
