Penobscot Terrace

352 Main St, Old Town, Maine 04468

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PENOBSCOT TERRACE

This 41 unit building located at 352 Main St., offers one and two bedroom apartments with utilities included. This building features unique areas for tenant use such as a Community Room with kitchenette, sitting alcoves, library and a coin-op laundry. These desirable apartments have wall-to-wall carpeting, lots of closet space, modern kitchenettes and 24-hour maintenance. Monthly rental costs are based on 30% of adjusted gross income. Income limits apply.

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

Eligibility for Penobscot Terrace

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Old Town but actual income limits may differ for units at Penobscot Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$15,950	$19,720	$24,860	$30,000
50%	$26,550	$30,350	$34,150	$37,900
80%	$42,450	$48,500	$54,550	$60,600

Penobscot Terrace Details

41 one and two bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

Community Room
Library
Coin-Operated Laundry
24 Hour Maintenance

Unit Amenities

Utilities Included
Spacious Closets
Wall-to-Wall Carpeting
Newly Remodeled Kitchens

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.