Town Considers CDBG Support for Fairview Commons
Town of TopshamCity · Topsham, ME- Disclosed value
- $16,300,000 (projected total development cost)
- From agenda
- Document date
- May 4, 2023
The 30-second brief
The Town of Topsham is holding a public hearing and considering action to proceed with a Community Development Block Grant Housing Assistance application on behalf of the Topsham Housing Authority for the $16.3 million Fairview Commons affordable housing project at 25 Hackmatack Road. The project will provide 38 below-market rental units financed through Low Income Housing Tax Credits and a limited partnership structure with eventual ownership by the Authority.
Topsham Housing Authority holds this contract with Town of Topsham.
Term as filed: 15-year LIHTC compliance period, then transfer of ownership to THA.
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Contract details
- Amount
- $16,300,000 (projected total development cost)
- Document date
- May 4, 2023
- Term
- 15-year LIHTC compliance period, then transfer of ownership to THA
- Agency
- Town of Topsham
- Source document
- town-of-topsham-agenda-2023-05-04_5cd.pdf (Agenda)
Topsham Housing Authority's other public contracts
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Questions about this contract
Who was awarded the government contract by Town of Topsham?
Topsham Housing Authority was awarded this government contract by Town of Topsham, as recorded on May 4, 2023. The contract value is $16,300,000 (projected total development cost).
How much is the Topsham Housing Authority contract with Town of Topsham worth?
The Topsham Housing Authority contract with Town of Topsham is valued at $16,300,000 (projected total development cost).
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in town-of-topsham-agenda-2023-05-04_5cd.pdf (Agenda), dated May 4, 2023 from Town of Topsham. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Topsham Housing Authority hold?
Topsham Housing Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Topsham currently buying?
Explore Town of Topsham's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.