Dashaway Commons 15-19 Cedar Street Affordable Housing Credit Enhancement Agreement
Description
The companion credit enhancement agreement with Avesta for Dashaway Commons got its first reading.
Impact summary
Would support affordable housing financing on Cedar Street.
Applicant
- Name
- Avesta 15-19 Cedar LP
- Address
- 15-19 Cedar Street, Portland, Maine
At a glance
- Hearings
- 3
- Public comments
- 0
- Total mentions
- 3
Last vote
A recommendation. The council’s outcome is not on record here.
Last discussed Jul 14, 2026.
Meeting timeline (3)
Planning Board - Jul 14, 2026
A five-story, 26,086-square-foot multi-family building with about 29-30 apartments, all deed-restricted affordable, plus resident community space. The board was scheduled to hold its public hearing on the plan at this meeting.
Housing & Economic Development Committee - Jun 30, 2026
30 units of affordable rental housing, with 24 replacing units lost to the Boys and Girls Club expansion, seeking a 75% TIF over 30 years. The committee recommended approval 2-1.
City Council - Jun 15, 2026
TIF district designation and Avesta credit enhancement agreement; first reading only.
Related issues (2)
202 Woodford Street Affordable Housing TIF Amendment
First readings advanced for TIF districts and Avesta credit enhancement agreements at The Prime (197 Oxford Street) and Dashaway Commons (15-19 Cedar Street), plus amendments for 42 Atlantic Street — final votes come later.
Affordable housing TIF requests (The Prime, Dashaway Commons, 42 Atlantic)
Three affordable housing projects sought tax increment financing to compete for MaineHousing tax credits. The committee recommended two — Dashaway Commons and the 42 Atlantic amendment — but balked at The Prime over questions about the Reveler/Avesta ownership arrangement and inclusionary zoning mechanics.
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