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Woodland Commons

Located in the seaside community of Kittery, Maine, Woodland Commons was a successful Joint Venture between Silver Street Development Corporation and a nonprofit entity. This well-designed family community is situated in a quiet wooded location. This new construction project was funded through an allocation of 1999 9% Low Income Housing Tax Credits from Maine State Housing Authority and attractive financing from The Maine Community Reinvestment Corporation. This highly affordable property, boasts 10% of its units to residents earning less that 30% AMI and 90% at 60% AMI for perpetuity. Part of this successful family development is access to an affordable day care conveniently located at the property, which Silver Street Development Corporation helped create and finance.

65 Units

Acquired: 1998

Investor: Private