FINANCIAL_SERVICESPENDING

Credit Enhancement Deal Proposed for 205 Corporate Drive

Bangor is holding a public hearing on Order 26-242 to approve a Credit Enhancement Agreement with Bangor Housing Development Corporation for 205 Corporate Drive. The agreement would return 75% of real estate taxes from the new TIF district over 30 years to support a 30-unit supportive housing project.

Status
PENDING
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bangor Housing Development Corporation
Agency
City of Bangor · ME

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
30 years (Credit Enhancement Agreement term)
Renewal date
2056-12-31
Renewal
Initial Credit Enhancement Agreement term is 30 years at a 75% tax rebate; no extensions are described beyond that period.
Document type
Agenda
Source document
City of Bangor City Council Agenda 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bangor?

Bangor Housing Development Corporation was awarded this financial services contract by City of Bangor, as recorded on August 8, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Bangor City Council Agenda 2026-08-10 (Agenda), dated August 8, 2026 from City of Bangor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bangor Housing Development Corporation hold?

Bangor Housing Development Corporation 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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