Walker Terrace

1 Walker Street, Portland, Maine 04102

Contact Walker Terrace

Walker Terrace was built by Nathan Szanton and Robert C.S. Monks, the developers behind Casco Terrace on State Street in Portland. When completed in early Fall 2006, Walker Terrace instantly became one of the most appealing rental choices in Portland. Located at the corner of Walker and Congress Streets in Portland's historic and charming West End, the building is a 5-minute walk to Portland's Arts District and a 10-minute walk to its Old Port shopping and restaurant district, and the Downtown office and financial district. It's also within an easy walk to the University of Southern Maine; Portland's premier park, Deering Oaks; two hospitals; the Ice Arena; and Portland's baseball and football stadiums.

Situated at the top of Bramhall Hill, Walker Terrace affords stunning views of Back Cove, Deering Oaks Park and the Western Promenade. It contains twenty 1-bedroom and twenty 2-bedroom apartments with all of the 2-bedroom units featuring a second full bathroom. Two of the 2-bedroom and seven of the 1-bedroom apartments are loft-style with sleeping areas above overlooking the living/dining area, and outdoor decks overlooking the city.

Walker Terrace's brick exterior, bay windows and copper roof tastefully complement the beautiful historic architecture around it. Each unit has its own off-street parking spot included in the rent, many of which are under the building and out of the weather. Each floor of the building has its own fully equipped laundry room. Walker Terrace is the first project in Maine designed to Maine State Housing Authority's Green Building Standards.

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

Eligibility for Walker 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 Walker 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

Walker Terrace Details

40 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Public Housing
HOME Investment Partnerships Program

Property Amenities

Elevator
On-Site Manager
On-Site Recycling
Bicycle Storage
Energy Star Appliances
Energy Efficient Design
Off Street Parking
Laundry Facilities
Smoke Free
Heat Included
On-Site Laundry

Unit Amenities

Handicapped Accessible
Dishwasher
Walk-in Closet(s)
Scenic View
Security System
Balconies or Patios Available
Heat and Hot Water Included
Energy Efficient Light Fixtures

Nearby Amenities

Close to Downtown District
Near Bus Line

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.