augusta-city-manager-report-infrastructure-projects-housing-tif-jul-14-2025_fad.pdf
Developers Collaborative Gets Augusta TIF Housing Project
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Description
The City of Augusta approved a Credit Enhancement Agreement with Developers Collaborative, returning 75% of new TIF tax revenues to support redevelopment of 33 Union Street into 102 residential units, including affordable and workforce housing.
Contract Details
Contract Amount
75% credit enhancement agreement (value not specified)
Vendor
DEVELOPERS COLLABORATIVE
Agency
Augusta village, IL
Contract Type
OTHER
Document Date
July 14, 2025
Contract Term
Duration of TIF District; estimated 9% tax credit program cycle, multi-year
Renewal Info
Authorized revisions and modifications to agreement as required by MaineHousing.
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DISCUSSedCity of Augusta Informational Meeting Agenda March 2026
PENDINGCity of Augusta Informational Meeting Agenda March 2026
PENDINGPortland Water District Board of Trustees Meeting Agenda December 2025
AWARDEDMore from Augusta village
augusta-village-public-notice-2025-08-02_1d6.pdf
augusta-village-public-notice-2025-08-02_1d6.pdf
augusta-village-public-notice-2025-08-02_1d6.pdf
augusta-city-manager-s-weekly-administrative-report-ev-charger-replacement-jul-21-2025_bc0.pdf
augusta-city-manager-report-infrastructure-projects-housing-tif-jul-14-2025_fad.pdf
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