The rent-restricted portfolio includes projects with Low Income Housing Tax Credits, federal HOME funds and financing from MaineHousing’s Rental Loan Program.
Rent-Restricted Portfolio Snapshot*
|Area||LIHTC||Family Projects||Family Units||Elderly Projects||Elderly Units||Total Projects||Total Units|
|Aroostook, Franklin, Oxford, Penobscot, Piscataquis, Somerset and Washington Counties||With LIHTC**||9||211||7||247||17||493|
|Androscoggin, Hancock, Kennebec, Knox, Lincoln, Sagadahoc and Waldo Counties||With LIHTC**||17||704||8||251||25||955|
|Cumberland and York Counties||With LIHTC**||45||1,972||18||1,071||63||3,083|
|Total With LIHTC**||71||2,887||33||1,569||105||4,531|
|Total Without LIHTC**||86||2,097||4||246||98||2,641|
* Numbers of projects are not additive because some projects contain both family and elderly units and are counted in each group.
** “With LIHTC” includes those projects with Low Income Housing Tax Credits and in most cases, also Rental Loan Program (RLP) financing. “Without LIHTC” includes RLP projects that do not have tax credits.
With LIHTC – Average Operating Costs as a Percentage of Total Income
Without LIHTC – Average Operating Costs as a Percentage of Total Rental Income
Source: Project Audited Financial Reports 2008.
Note:These numbers are for information purposes only; each property in the portfolio has unique operating characteristics.
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