TIF credit enhancement backs Westbrook affordable housing | Town of Windham | WESTBROOK DEVELOPMENT CORPORATION

Scope & details

The full contract record, as filed.

Contract amount

$6,000,000 (project investment); 75% tax increment reimbursement for 25 years

Contract type

FINANCIAL_SERVICES

Contract term

30-year TIF district term beginning July 1, 2025 and ending June 30, 2055; 25-year credit enhancement term

Renewal date

2055-06-30

Renewal

TIF district runs 30 years (July 1, 2025–June 30, 2055); Westbrook Development Corporation’s credit enhancement agreement provides 75% reimbursement of tax increment revenues for 25 years within that period; no automatic renewal described.

Document type

AgendaPacket

Source document

Town of Windham Town Council Meeting Agenda Packet 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Windham?

Westbrook Development Corporation was awarded this financial services contract by Town of Windham, as recorded on July 14, 2026. The contract value is $6,000,000 (project investment); 75% tax increment reimbursement for 25 years.

How much is the Westbrook Development Corporation contract with Town of Windham worth?

The Westbrook Development Corporation contract with Town of Windham is valued at $6,000,000 (project investment); 75% tax increment reimbursement for 25 years, 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 Town of Windham Town Council Meeting Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from Town of Windham. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Westbrook Development Corporation hold?

Westbrook 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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