advertisement
December 7, 2015

Low-income housing projects will receive $2.9 million in federal tax credits

Nearly $3 million in federal housing tax credits will go to five Maine projects, including a new Portland apartment complex with 39 units, and a plan to build 21 cabins for homeless veterans on the grounds of the Togus VA Medical Center.

Maine State Housing Authority, in announcing the low-income housing credits, said the $2.9 million in tax credits will generate about $26 million in private investment for the housing projects, according to the Portland Press Herald.

The projects being awarded the credits are:

• St. Ignatius Apartments in Sanford, which will receive $938,000 in tax credits to help rehabilitate an existing three-story building and construct another building to create 66 housing units for the elderly

• Carleton Street Apartments in Portland, which will receive $581,000 in tax credits to help construct 37 family housing units

• Huse School Apartments in Bath, which will receive $647,000 in tax credits to help build 43 affordable-housing units

• Cabin in the Woods at Togus, which will receive $388,000 in tax credits to help build 21 energy-efficient cabins and a community center for homeless veterans and

• Blackstone Apartments in Falmouth, which will receive $300,000 in tax credits to help acquire and rehabilitate 20 existing units and create 19 new units for elderly tenants.

Comments

Type your comment here:

Sign up now to get statewide business news each day with the Daily Report

 
Today's Daily Report
Today's Poll Should cities and towns in Maine enact their own minimum wage increases?<>
ADVERTISEMENTS
Most Popular on Facebook