Stephen Eaton Apartments

102 Stephen Eaton Lane, Wells, Maine 04090

Contact Stephen Eaton Apartments

Stephen Eaton Apartments is a community for residents 62 or older and/or disabled. This 36-unit community consisting of 6 low-rise buildings in suburban Wells, Maine. Located directly off Route 1, adjacent to the Wells National Estuarine Reserve, and only 2 miles from Wells Beach, Stephen Eaton residents enjoy a quiet and charming surrounding. Local stores, restaurants, groceries and pharmacies are all within a 2-mile radius of the property.

Amenities include onsite parking and laundry facilities, snow removal, a reading room, a large community room, and kitchen with cable TV and annual community-wide events. Services available to residents of this property include resident service coordination, 24-hour emergency maintenance, and professional property management.

Avesta Housing believes that everyone deserves a place to call home. They manage 80+ affordable, subsidized, and mixed-income communities, and each one has a team of experienced and well-trained Property Managers and Maintenance Technicians who care about the residents and the properties in which they live. Many of their communities also have a Resident Service Coordinator, who helps to connect residents to support services they require.

They provide 24-hour professional maintenance services and have 95% resident satisfaction. Avesta Housing was named Portland Property Manager of the Year by the Portland Phoenix in 2016. Their Property Management division wants you to be proud to call your apartment home.

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

Eligibility for Stephen Eaton Apartments

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 Wells but actual income limits may differ for units at Stephen Eaton Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$33,800	$38,600	$43,450	$48,250
Low Income (60%)	$40,560	$46,320	$52,140	$57,900

Stephen Eaton Apartments Details

36 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Community Room
24hr Emergency Maintenance
On-Site Parking
Smoke Free
On-Site Laundry

Unit Amenities

Wall-to-Wall Carpeting

Nearby Amenities

Close to Downtown District

Office Hours

Day	Hours
Monday	8:30am-4:30pm
Tuesday	8:30am-4:30pm
Wednesday	8:30am-4:30pm
Thursday	8:30am-4:30pm
Friday	8:30am-4:30pm

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.