Elm Terrace

68 High St, Portland, Maine 04101

Contact Elm Terrace

Elm Terrace features studio, one and two-bedroom apartment homes in convenient Downtown Portland. Apartment interiors are spacious with individual climate control, and the cost of heat, hot water, and Wi-Fi are included in the rent.

Unit (Bd/Ba)	Ft²	Rent
Efficiency/ Studio (Studio/1)	520	Call for Price
1 Bedroom (1/1)	650	Call for Price
2 Bedroom (2/1)	900	Call for Price

Eligibility for Elm Terrace

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 Portland but actual income limits may differ for units at Elm Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$32,550	$37,200	$41,850	$46,450
Low Income (60%)	$39,060	$44,640	$50,220	$55,740

Elm Terrace Details

38 studio, one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Community Room
24hr Emergency Maintenance
Smoke Free
High Speed Internet Access
On-Site Laundry

Unit Amenities

Handicapped Accessible
Dishwasher
Heat and Hot Water Included
Individual heating and cooling systems

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.