Maine Real Estate – BNAS Housing Buyback

A Portland-based real estate firm has secured a government contract to manage a federal housing assistance program for Navy personnel leaving the Brunswick Naval Air Station.

Fishman Realty Group will manage the Army Corps of Engineers’ Homeowners’ Assistance Program in Brunswick, which allows departing Navy personnel struggling to sell their homes to sell them to the federal government, according to The Times Record in Brunswick. Fishman will be responsible for listing the properties in the program and getting them sold. Fishman officials told the paper that the program will help stabilize the housing market in the Brunswick area when the base closes in 2011, with most of the personnel scheduled to leave in 2010.

So far, five homes in the area already have been sold to the federal government through the assistance program, which was launched here last fall, according to the paper.