Multifamily Rent Subsidized Portfolio Data

Rent-subsidized housing includes developments with project-based rental subsidy and in some cases additional MaineHousing financing.

Rent-Subsidized Portfolio Snapshot*

Area Family Projects Family Units Elderly Projects Elderly Units Total Projects Total Units
Aroostook, Franklin, Oxford, Penobscot, Piscataquis, Somerset and Washington Counties 35 619 83 2,038 110 2,894
Androscoggin, Hancock, Kennebec, Knox, Lincoln, Sagadahoc and Waldo Counties 27 967 22 1,696 73 2,901
Cumberland and York Counties 22 750 63 2,205 83 3,145
Total 84 2,336 168 5,939 266 8,934

*Numbers of projects are not additive because some projects contain both family and elderly units and are counted in each group.

Average Operating Costs as a Percentage of Total Rental Income

Graph Image Management includes management fee, site management expenses and miscellaneous administrative expenses. (Does not include marketing, legal, audit or bad debts.) Utilities  include owner paid electricity, heating fuel, water and sewer. Maintenance  includes janitorial, building maintenance, ground maintenance and trash removal. Taxes include personal and property taxes, as well as payments in lieu of taxes (PILOT). Insurance includes premiums for property coverage, general liability coverage, excess umbrella liability coverage, flood coverage and commercial crime coverage.

Source: Portfolio data is from MaineHousing’s Multifamily Database. Operating cost data is from 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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