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SPHDC Secured $59K/year Affordable Housing Project Financing

South Portland Housing Authority logoSouth Portland Housing Authority
Disclosed value
$59,103
From agenda
Document date
Mar 18, 2025
Term
20 years

The 30-second brief

What it covers

South Portland Housing Development Corporation to receive $59,103 annually for 20 years under credit enhancement agreement (CEA) to facilitate the construction of 38 one-bedroom affordable senior housing units, projected to generate $78,804 in annual tax increment financing (TIF) revenue.

Who holds it

South Portland Housing Development holds this credit enhancement agreement contract with South Portland Housing Authority. Its other public contracts on record include work for Town of Scarborough and South Portland Public Schools.

What happens next

Term as filed: 20 years.

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Contract details

Contract type
Credit Enhancement Agreement
Amount
$59,103
Document date
March 18, 2025
Term
20 years
Vendor
South Portland Housing Development
Agency
South Portland Housing Authority
Source document
south-portland-housing-authority-agenda-2025-03-18_a0b.txt (Agenda)

South Portland Housing Development's other public contracts

South Portland Housing Authority, MaineLandry Heights affordable housing project gets approved CEA · Mar 18, 2025$59.1KSouth Portland Housing Authority, MaineGrant approved for Housing Development Corporation · Mar 4, 2025$70KTown of Scarborough, Mainetown-of-scarborough-proposal-2024-12-09_b2c.pdf · Dec 9, 2024UndisclosedSouth Portland Housing Authority, MaineSPHDC Receives Tax Reimbursement for Housing Project · Oct 22, 2024UndisclosedSouth Portland Public Schools, MaineLandry Woods TIF Amendment Approved for SPHDC · Oct 22, 2024UndisclosedAll South Portland Housing Development contractsVendor profile

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Questions about this contract

Who was awarded the credit enhancement agreement contract by South Portland Housing Authority?

South Portland Housing Development was awarded this credit enhancement agreement contract by South Portland Housing Authority, as recorded on March 18, 2025. The contract value is $59,103.

How much is the South Portland Housing Development contract with South Portland Housing Authority worth?

The South Portland Housing Development contract with South Portland Housing Authority is valued at $59,103, covering credit enhancement agreement work.

What type of contract is this?

This is a Credit Enhancement Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in south-portland-housing-authority-agenda-2025-03-18_a0b.txt (Agenda), dated March 18, 2025 from South Portland Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does South Portland Housing Development hold?

South Portland Housing Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is South Portland Housing Authority currently buying?

Explore South Portland Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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