Bowdoinham Estates

29 Preble Rd, Bowdoinham, Maine 04008

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Message Bowdoinham Estates

Bowdoinham Estates is managed by Stanford Management, LLC.

Bowdoinham Estates offers one- and two-bedroom homes for the elderly and disabled. Beautiful common sitting areas provide a sense of community while these modern apartments offer many amenities including:

 

  • Common areas to socialize
  • Spacious rooms
  • Wall-to-wall carpet in living room and bedroom
  • Off-street parking (included)
  • On-site coin-operated laundry
  • 24-hr emergency maintenance service
  • Plus more!

     

    This is a nonsmoking community.

    Please call 207-666-8054 to visit- we look forward to welcoming you to your new home at Bowdoinham Estates!

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Eligibility for Bowdoinham Estates

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Bowdoinham but actual income limits may differ for units at Bowdoinham Estates.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $32,400 $37,000 $41,650 $46,250
Low Income (60%) $38,880 $44,400 $49,980 $55,500

Bowdoinham Estates Details

  • 25 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Community Room
  • 24hr Emergency Maintenance
  • Off-Street Parking
  • Coin-Operated Laundry
  • Smoke Free

Unit Amenities

  • Spacious floor plans
  • Wall-to-Wall Carpeting
Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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