Bates Street senior housing : an affordable senior housing rental project

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Southern New Hampshire University
Community Concepts, Inc. (CCI) is developing 30 units of affordable rental housing for 30 seniors over the age of 62 whose incomes are below 60% of the area median income. The project will be built within census tract 201 at 250 Bates Street in Lewiston, Maine. This census tract has the highest concentration of low income seniors in the state. The project, known as "Bates Street Senior Housing," will be a three-story building containing 35,000 square feet and will include an elevator, a community room, tenant storage and laundry. There will be 26 one-bedroom and 4 two-bedroom units. The community space will include a social area, community kitchen, meeting areas, and computer access. CCI will provide on-site resident service coordination. In order to develop and operate the project as long term affordable housing we have secured Low Income Housing Tax Credits (LIHTC), Federal HOME funds, grant funds from Maine Housing, (the State Housing Finance Agency), a grant from Enterprise Foundation, a grant from NeighborWorks America, a portion of the development fee contributed, and the assessed taxes being returned to the project through an affordable housing tax increment (TIF) finance district. The project will not have any debt service. (Author abstract)