Town Considers Housing TIF Agreement with KVCAP

Fairfield is considering a Housing Tax Increment Financing District for KVCAP’s proposed 30‑unit affordable senior housing project, with a draft plan to return 75% of new tax revenue to the developer via a Credit Enhancement Agreement over up to 30 years. The Council scheduled a public hearing for August 5, 2026 to consider designation of the Fairfield School AHTIF District.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Up to 30 years of tax increment capture beginning upon certificate of occupancy

Renewal

Draft Housing TIF District development program contemplates up to 30 years of tax increment capture and a Credit Enhancement Agreement with KVCAP; final approval and effective dates are contingent on Council action and MaineHousing approval.

Document type

AgendaPacket

Source document

Fairfield Town Council Agenda Packet 2026-08-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kennebec Regional Development Authority?

KVCAP was awarded this financial services contract by Kennebec Regional Development Authority, as recorded on August 4, 2026.

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 Fairfield Town Council Agenda Packet 2026-08-05 (AgendaPacket), dated August 4, 2026 from Kennebec Regional Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does KVCAP hold?

KVCAP may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View KVCAP's profile

What is Kennebec Regional Development Authority currently buying?

Explore Kennebec Regional Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Kennebec Regional Development Authority's profile

Town Considers Housing TIF Agreement with KVCAP

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Kennebec Regional Development Authority?

What type of contract is this?

Where was this contract approved?

What other contracts does KVCAP hold?

What is Kennebec Regional Development Authority currently buying?

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