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In the News

In the News

Agency seeks tax break for Portland housing project


The apartment building, built near the intersections with Fox and Walnut streets, would sit on lots totaling about a quarter of an acre. Rentals would be open to the public, but the agency wants to target military veterans, according to Planning Board documents.

The Forecaster
By David Harry
May 20, 2014

PORTLAND — A proposed $3 million project to provide housing for veterans is moving forward on two fronts.

On June 2, City Councilors are expected to have a first reading on the creation of a tax increment finance zone at 134 Washington Ave. that could net $207,000 in operating revenue over 20 years for the nonprofit developer, Avesta Housing.

Then, on June 10, the Planning Board could vote on Avesta's site plan to tear down a single-family residence it bought at that location in May 2013 and replace it with a four-story building containing 18 efficiency apartments and ground-floor office space.

The TIF proposal was endorsed by the council Housing and Community Development Committee on May 14. A day before, the housing plan was outlined in a Planning Board workshop.

The apartment building, built near the intersections with Fox and Walnut streets, would sit on lots totaling about a quarter of an acre. Rentals would be open to the public, but the agency wants to target military veterans, according to Planning Board documents.

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