CONTRACTRECOMMENDED

Portland Recommends $2.2 Million Housing Development Loan

Disclosed value: $2,200,000; From agendapacket
Document date: Sep 23, 2025
Renews: Mar 2027; Free account

What it covers

Portland's Housing and Economic Development Committee recommended a $2.2 million Housing Trust Fund loan for Maine Cooperative Development Partners' Lambert Woods South project. The related tax increment financing arrangement would return 75% of increased tax revenues to the developer for 30 years.

Who holds it

Maine Cooperative Development Partners holds this financial services contract with City of Portland.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Portland contract.

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Contract details

Contract type: Financial Services
Amount: $2,200,000
Document date: September 23, 2025
Term: AHTIF return of 75% of increased tax revenues to the developer over 30 years
Renews: Free account
Vendor: Maine Cooperative Development Partners
Agency: City of Portland
Source document: City of Portland AgendaPacket Housing and Economic Development Committee Meeting 2025-09-23 (AgendaPacket)

Maine Cooperative Development Partners's other public contracts

City of Portland, MainePortland Recommends Dougherty Commons Housing Amendment · Sep 23, 2025Undisclosed City of Portland, MainePortland Recommends Amendment for Lambert Woods South · Sep 23, 2025Undisclosed City of Portland, MaineCommittee Reviews Lambert Woods Tax Increment Financing · Jul 15, 2025 City of Portland, MaineLambert Woods South Agreement Amendment Recommended · Jul 15, 2025Undisclosed City of Portland, MaineLambert Woods South Tax Incentive Recommended · Jul 15, 2025Undisclosed All Maine Cooperative Development Partners contractsVendor profile

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Questions about this contract

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

Maine Cooperative Development Partners was awarded this financial services contract by City of Portland, as recorded on September 23, 2025. The contract value is $2,200,000.

How much is the Maine Cooperative Development Partners contract with City of Portland worth?

The Maine Cooperative Development Partners contract with City of Portland is valued at $2,200,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Portland AgendaPacket Housing and Economic Development Committee Meeting 2025-09-23 (AgendaPacket), dated September 23, 2025 from City of Portland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Maine Cooperative Development Partners hold?

Maine Cooperative Development Partners 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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Explore City of Portland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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