Merici Woods

88 Silver St, Waterville, Maine 04901

Contact Merici Woods

Merici Woods has been designed for the housing needs of moderate-income households in the Central Maine area. There are Efficiency size, 1, & 2 bedroom apartments for an in-town living for the 55+ community.

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

Eligibility for Merici Woods

Merici Woods Details

28 studio, one and two bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Community Room
Library
On-Site Parking
On-Site Laundry

Unit Amenities

All Appliances included
Heat and Hot Water Included
Electric 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.