City of Augusta Informational Meeting Agenda March 2026
Affordable Housing TIF Agreement Proposed for Developers Collaborative
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Description
The City of Augusta is considering a 30-year, 75% Affordable Housing TIF agreement with Developers Collaborative for the Riverlands Housing Project at 57B Oxford Street. The agreement would provide an estimated $471,485 in TIF reimbursement over 30 years to Developers Collaborative.
Contract Details
Contract Amount
75% Affordable Housing TIF (approx. $471,484.62 total over 30 years, approx. $15,716.15/year)
Vendor
DEVELOPERS COLLABORATIVE
Agency
City of Augusta, ME
Contract Type
FINANCIAL_SERVICES
Document Date
March 12, 2026
Contract Term
30 years
Renewal Date
2056-12-31
Renewal Info
The TIF agreement is structured for a 30-year term. Projected reimbursement assumes no value appreciation or mil rate change. Final approval contingent on Council vote in April following a public hearing.
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Related Contracts
Town of Windham Planning Board Meeting Minutes April 2026
EXTENDEDWiscasset Economic Development Committee Meeting Agenda April 2026
DISCUSSedCity of Augusta Informational Meeting Agenda March 2026
PENDINGPortland Water District Board of Trustees Meeting Agenda December 2025
AWARDEDtown_of_brunswick_town_council_regular_meeting_age.pdf
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