Pond Circle

10 Pond Circle, Damariscotta, Maine 04543

Contact Pond Circle

16 Houses - 5 two bedroom units, and 9 three bedroom units
Smoke-Free designation (except for grandfathered residents)
Lincoln County income limits apply
Washer/Dryer hookups in each unit
Includes Heat and Hot Water
Pets Allowed

HOUSING FOR:

Housing for the Family, Elderly, Disabled, and Handicapped

RENT:

Minimum income as low as 16,000/yr up to income limit for household size or housing choice vouchers, BRAP and other subsidies.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1.5)	-	Call for Price
Three Bedroom (3/1.5)	-	Call for Price

Eligibility for Pond Circle

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 Damariscotta but actual income limits may differ for units at Pond Circle.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$29,850	$34,100	$38,350	$42,600	$46,050	$49,450
Low Income (60%)	$35,820	$40,920	$46,020	$51,120	$55,260	$59,340

Pond Circle Details

13 two and three bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Public Housing

Property Amenities

Smoke Free

Unit Amenities

Washer and Dryer Hookup
Heat and Hot Water Included

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.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.