South Portland Housing Authority Awards Credit Enhancement Agreement (Cea) Contract to South Portland Housing Development (June 2022)
- Approved
- Jun 21, 2022
- Term
- 30 years
The 30-second brief
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.
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.
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)
South Portland Housing Development's other public contracts
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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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What is South Portland Housing Authority currently buying?
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