City of Bangor Awards Financial Services Contract to Bangor Housing Development Corporation (July 2026)

Scope & details

The full contract record, as filed.

Contract amount

75% of real estate taxes on increase in value for 30 years

Contract type

FINANCIAL_SERVICES

Contract term

Thirty (30) years

Renewal

Credit Enhancement Agreement runs for the 30-year life of the Affordable Housing TIF, returning 75% of incremental real estate taxes; no renewal terms beyond the TIF life are specified.

Document type

AgendaPacket

Source document

City of Bangor City Council Agenda Packet 2026-07-27

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PENDING

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APPROVED

City of Bangor, Maine75% of real estate taxes on increased value for 30 yearsJul 27, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bangor?

Bangor Housing Development Corporation was awarded this financial services contract by City of Bangor, as recorded on July 27, 2026. The contract value is 75% of real estate taxes on increase in value for 30 years.

How much is the Bangor Housing Development Corporation contract with City of Bangor worth?

The Bangor Housing Development Corporation contract with City of Bangor is valued at 75% of real estate taxes on increase in value for 30 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Bangor City Council Agenda Packet 2026-07-27 (AgendaPacket), dated July 27, 2026 from City of Bangor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bangor Housing Development Corporation hold?

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

View Bangor Housing Development Corporation's profile

What is City of Bangor currently buying?

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