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Welcome to the online home of the Maine Real Estate & Development Association. We hope you will use this site to learn more about our organization, get to know our members, and join us as we strive to promote fair and responsible development and ownership of real estate throughout Maine.


	Maine Real Estate & Development Association (MEREDA) Elects New Officers 07/02/2008

	At its June meeting, the Maine Real Estate & Development Association (MEREDA) Board of Directors unanimously elected the following officers for the 2008/2009 Fiscal Year.
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	MEREDA's First Spring Social a Success 07/02/2008

	MEREDA's First-Ever "Summer Kick-Off" Networking Social Event was held on June 26th at the Saltwater Grille in South Portland with over 100 guests attending. A great opportunity to network with the "who's who" in the commercial real estate industry, this is sure to become another one of MEREDA's annual events!


	MEREDA Holds Breakfast Seminar on Maine's Newly Expanded Historic Rehabilitation Tax Credit

	This year, the Maine Legislature expanded the credit to provide a Maine state credit equal to 25 percent of qualified rehabilitation expenditures. Projects that involve a substantial affordable housing component receive a credit at a 30 percent rate. The Federal credit adds an additional 20 percent of qualified rehabilitation expenditures. The combined credits provide a powerful financial resource for the preservation of Maine's historic buildings and for downtown redevelopment. On June 24th at the Clarion Hotel in Portland, panelists Amy Cole Ives, founder of Sutherland Conservation & Consulting in Hallowell, and John Kaminski and Gary Vogel, both attorneys at Drummond Woodsum & MacMahon in Portland, discussed the legislative process to enact the expanded credit, the requirements and potential uses of the credit as a tool for historic preservation and development, the linkage of the increased credit to affordable housing and the impact that the credit is expected to have on historic preservation in Maine.

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