Development Experience

 a sampling of housing projects

Cindy Cookson House, Ellsworth

New construction of 8 one- and two-bedroom units with supportive services

Construction in progress

Architect: George Lavigne, CWS Architects

General Contractor: Blane Casey Building Contractor

Construction Lender:  Camden National Bank

Sources of Financing:

Federal Home Loan Bank, Affordable Housing Program Grant

MaineHousing Supportive Housing Grants (4)

 

Charles Street, Bangor

Acquisition and rehabilitation of existing building into

   4 one-bedroom apartments with supportive services

Project completed and occupied in 2009 

General Contractor: R&K Construction

Sources of Financing:

MaineHousing Supportive Housing Grant

 

Winthrop Street, Augusta

Acquisition and rehabilitation of historic building into

   4 one-bedroom apartments with supportive services

Project completed and occupied in 2009 

General Contractor: Blane Casey Building Contractor

Sources of Financing:

HUD McKinney Funds – Balance of State Continuum of Care

MaineHousing Matching Funds

 

Maine Hall, Bangor

Acquisition and rehabilitation of 1830s historic dormitory into 28 senior units

Development in progress

Architect: Benedict Walter, CWS Architects

Construction Lender:  People’s United Bank

Construction Manager at Risk: Nickerson O’Day

Property Manager: Preservation Management

Tax Credit Syndicator: Boston Capital

Sources of Financing:

Low Income Housing Tax Credits

Section 1602 Tax Credit Exchange Program

Federal Historic Tax Credits

State Historic Tax Credits

 

Clearwater Bend, Westbrook

New construction of 23 two- and three-bedroom units for working families

Project completed and occupied in 2008 

Architect: Benedict Walter, CWS Architects

Construction Lender:  Camden National Bank

Construction Manager at Risk: Benchmark Construction

Property Manager: Preservation Management

Tax Credit Syndicator: Boston Capital

Sources of Financing:

Low Income Housing Tax Credits

MaineHousing Rental Loan Program subsidy and debt

 

Rocky Coast Housing, Boothbay Harbor

Acquisition and rehabilitation of

   4 bed Group Home + 3 bedroom apartment

Project completed and occupied in 2006 

General Contractor: Benchmark Construction

Sources of Financing:

HUD Section 811 Grant

MaineHousing Supportive Housing Grant (2)

HUD/DECD/Town Community Development Block Grant




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