Comprehensive renovation and building systems upgrade of a 169-unit multifamily apartment complex at 100 State Street, including contract rent increase applications, new debt financing (TD Bank), and predevelopment services.

Note:

This renovation project is aimed at affordable housing upgrades, replacement/rehabilitation of building systems, and capital repairs. External business opportunities include pre-development consulting (up to $750,000 authorized), construction contracting (major contracts expected), material suppliers (noted for long-lead items), design & engineering, and services for managing regulatory approvals and permits. PHDC providing development services and loan guarantees signals an open external contracting process for project management and compliance services, along with opportunities linked to federal/state rental programs.

Acquisition, renovation, and historic tax credit rehabilitation of Sagamore Village (21 Popham St, Portland, ME), including land purchase, construction loan closing, phased contracts, and layered financing with PHDC as developer and investor.

Note:

This is a major multimillion-dollar affordable housing rehabilitation project involving construction, historic tax credits (federal and state), layered ownership, and financing. There are explicit mentions of developer, property management (by PHA post-renovation), probable need for architectural, engineering, legal, and compliance services, as well as subcontracting opportunities with construction firms for both hard and soft costs. Inferred: Multiple specialized contracts (environmental, legal, lending, tax, consulting) required; clear predevelopment and preconstruction activities underway with opportunity for further external proposals. Funding gap suggests potential for lenders or equity specialists. Sources of funding include federal/state grants (HTC).