PHOENIX FLATS
Portland, Maine
PHOENIX FLATS
83 Middle Street
Portland, ME
PROPERTY OVERVIEW
Phoenix Flats is located at the corner of Franklin and Middle Street in Portland, and will offer 45 units of affordable housing for older adults (62+ years old), and/or people with disabilities.
Designed to achieve PassiveHouse certification, construction began in September of 2021, and is scheduled to be completed in fall of 2022.
The project includes a commercial storefront along Middle Street, and a covered parking garage. If you would like to join our interest list to be notified when we start taking applications for this property, please click on the link below.
Click here for more information!
Size
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45 Units:
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Unit mix:
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0 bedroom: 27
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1 bedroom: 18
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39,000 Square Feet
Target Population
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Older adults (62+), People with Disabilities
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People at or below 50% area median income (27 units)
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People at or below 60% area median income (18 units)
Amenities
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Professionally managed
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24-hour emergency maintenance
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Smoke-free building
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Elevator
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Community room
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On-site laundry
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Covered parking
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Air conditioning
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Intown location close to amenities
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Passive House Certified
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Now under construction!
DEVELOPMENT SNAPSHOT
Construction Type
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New Construction
Financing
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4% Tax Credits
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4% Maine State Affordable Housing Tax Credit
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Construction Lender: Maine State Housing Authority
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Commercial Lender: Bangor Savings Bank
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Syndicator: WNC
Development Cost
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Estimated $15.9 million
Year Completed
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Target Completion Date: 2022
Development Team
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Construction Manager-at-Risk: Allied Cook
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Architect: CWS Architects
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Property Manager: Preservation Management, Inc.
- Legal Counsel: Drummond Woodsum
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Accountant: Otis Atwell
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Sustainability Consultant: Thornton Tomasetti a