Ellsworth Workforce Housing Project Stalled Due to Rising Costs and Funding Gaps
A major workforce housing development in Ellsworth, Maine, has been put on hold due to rising construction costs and funding challenges. The project, intended to provide 36 condominium units, faces a financial gap exacerbated by increased labor and material costs. The estimated cost to build each unit exceeds $400,000, while the expected sale price is around $280,000. Developers were relying on a $1 million state infrastructure grant for essential site work, which did not materialize, further widening the financial gap. Despite these setbacks, city officials and developers remain committed to finding solutions to move the project forward.