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On January 5, 2011, The Lofts at Bates Mill was awarded $5.2 million in low-income housing tax credits by the Maine State Housing Authority to convert Building No. 2 into 48 mixed-income apartments. [4] The $9.2 million project includes 33 subsidized apartments and 15 market-rate apartments.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Maine has the thirty-fourth highest per capita income in the United States of America. In 2000, the state's average personal per capita income was $26,699. By 2003, that figure had risen to $29,851. By 2011, it was $38,299 [1]
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Biddeford was the eastern terminus of the now-defunct New England Interstate Route 11, which ended in Manchester, Vermont. State Route 111, which travels through Biddeford's main commercial corridor, is now numbered in Old Route 11's place. Biddeford Municipal Airport is located two miles south of the central business district.
A developer is proposing to build more than 100 new homes and about 40 new townhouses on currently wooded property behind the antiques shop at 502 Post Road in Wells, Maine.
On July 21, 2023, the OMB delineated one combined statistical area, three metropolitan statistical areas, and one micropolitan statistical area in Maine. [1] As of 2023, the largest of these is the Portland-Lewiston-South Portland, ME CSA , comprising the region around Maine's largest city of Portland .
Oxford County is a county in the state of Maine, United States.As of the 2020 Census, the county had a population of 57,777. [1] Its county seat is the town of Paris. [2] The county was formed on March 4, 1805, by the Massachusetts General Court in the Maine District from northerly portions of York and Cumberland counties.