Championing Homeownership: Dee Williams’s Commitment to Expanding Access in Maine
Women’s History Month is a time to reflect on the trailblazers who have shaped our communities and industries. In the affordable housing and community development sector, women have played a critical role in making homeownership more accessible, creating financial pathways for individuals and families and strengthening communities nationwide. One such leader is Dee Williams, director of MaineStream Finance, whose innovative work is helping Maine residents achieve the dream of homeownership.
Breaking Barriers to Homeownership
As the cost of homeownership continues to rise, many prospective buyers find themselves unable to afford a home in today’s competitive market. Recognizing this challenge, MaineStream Finance, a subsidiary of Penquis, has launched a new loan product to create a more affordable path to homeownership.
The Manufactured Turnkey Loan is designed for income-eligible individuals who own land but need financing for a driveway, well, septic system, foundation and manufactured home. This innovative solution offers a more attainable alternative to traditional homebuying, with costs ranging from $200,000 to $240,000 — well below Maine’s median home price of $385,000. The process moves quickly too; once approved, homebuyers can move into their manufactured home within 12 to 15 weeks.
A Leader Dedicated to Community Impact
At the heart of this initiative is Dee Williams, a finance industry veteran with nearly 20 years of experience in helping individuals navigate the complexities of homeownership. Williams, who has led MaineStream Finance since 2023, is deeply committed to increasing access to capital for residents who may struggle to secure traditional financing.
“For some people, homeownership may feel out of reach for a variety of reasons. Sometimes it’s because they face barriers that make traditional financing difficult to access,” Williams explains. “I’ve seen firsthand how access to financing can change a person’s life, and that’s what drives me. Everyone deserves the opportunity to build stability and wealth through homeownership, and this loan product is one way we’re making that possible.”
Her leadership is making a significant impact, breaking down financial barriers and expanding opportunities for aspiring homeowners.
"Dee Williams' leadership at MaineStream Finance is breaking down financial barriers and creating new pathways for families to achieve stability and build wealth. Through innovative solutions like the Manufactured Turnkey Loan, she is making homeownership more accessible for those who need it most. We celebrate Dee for her vision, passion and commitment to strengthening our communities." – Kara Hay, President & CEO, Penquis
The Power of NeighborWorks’ Network
Penquis, a NeighborWorks America network organization, provides vital housing and community development services across Maine. As a Community Development Financial Institution (CDFI) and subsidiary of Penquis, MaineStream Finance specializes in providing financial resources to individuals who may not qualify for loans from traditional lenders.
Through its affiliation with NeighborWorks America, Penquis receives funding that has a direct impact on housing initiatives in Maine. Last year alone, NeighborWorks-supported programs at Penquis:
- Created or preserved homes for 462 homeowners
- Provided housing education for 453 individuals
- Supported home repairs for 221 homeowners
These efforts, alongside initiatives like the Manufactured Turnkey Loan, are critical in making homeownership a reality for more individuals.
Honoring Women Leaders in Housing
As we celebrate Women’s History Month, we recognize the women leading the charge in the affordable housing and community development sector. Leaders like Dee Williams exemplify the dedication and innovation necessary to create housing solutions that work for everyone.
Their work reminds us that equitable access to homeownership is not just about buying a house—it’s about creating stability, building wealth and strengthening communities.
To learn more about MaineStream Finance and the Manufactured Turnkey Loan, visit MaineStream Finance.
