South Portland Housing Authority Awards $59,103 Credit Enhancement Agreement Contract to South Portland Housing Development (March 2025)
South Portland Housing AuthorityLocal Housing Authority · South Portland, ME- Disclosed value
- $59,103
- From meeting minutes
- Approved
- Mar 18, 2025
- Term
- 20 years
The 30-second brief
The City Council approved a 75% Credit Enhancement Agreement (CEA) for 20 years to the South Portland Housing Development Corporation (SPHDC) for the Landry Heights affordable housing project. The project is expected to generate $78,804 in annual TIF revenue, with $59,103 reimbursed to the developer.
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.
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
- Source document
- south-portland-housing-authority-meeting-minutes-2025-03-18_bf1.txt (Meeting Minutes)
South Portland Housing Development's other public contracts
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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 meeting minutes record.
Where was this contract approved?
This contract appears in south-portland-housing-authority-meeting-minutes-2025-03-18_bf1.txt (Meeting Minutes), 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.