48 Hampshire Street, a new construction apartment building in downtown Auburn, opened to residents in late 2019. Located on Hampshire Street in Auburn, this property includes 53 brand new apartments. There is a mixture of one, two and three bedroom units that vary in size from 590 to 950 square feet. Included in the rent are heat and hot water, off-street parking, wi-fi, fitness center, community room and secure bike storage. Soundproofing between the apartments is extraordinary. Green building standards ensure exceptional indoor air quality. 48 Hampshire Street is completely smoke free.
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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.
48 Hampshire Street is managed by Saco Falls Management.