CONTRACTAPPROVED

South Portland Housing Authority Awards Credit Enhancement Agreement (Cea) Contract to South Portland Housing Development (June 2022)

South Portland Housing Authority logoSouth Portland Housing Authority
Approved
Jun 21, 2022
Term
30 years

The 30-second brief

What it covers

City Council approved a 75% Credit Enhancement Agreement (CEA) for 30 years with the South Portland Housing Development Corporation (SPHDC) for the Landry Woods development, an affordable senior housing project at 51 Landry Circle. The project is anticipated to generate $73,500 in annual TIF revenue, with $55,125 returned to the developer and $18,375 available to the City.

Who holds it

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

What happens next

Term as filed: 30 years.

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Contract details

Contract type
Credit Enhancement Agreement (Cea)
Document date
June 21, 2022
Term
30 years
Source document
south-portland-housing-authority-meeting-minutes-2022-06-21_7fb.txt (Meeting Minutes)

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Questions about this contract

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

South Portland Housing Development was awarded this credit enhancement agreement (cea) contract by South Portland Housing Authority, as recorded on June 21, 2022.

What type of contract is this?

This is a Credit Enhancement Agreement (Cea) contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in south-portland-housing-authority-meeting-minutes-2022-06-21_7fb.txt (Meeting Minutes), dated June 21, 2022 from South Portland Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

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