Deering Place

500-510 Cumberland Ave, Portland, Maine 04101

Deering Place, located at 500-510 Cumberland Ave in Portland, has one bedroom apartments. Deering Place participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - From $750 To $1,200

Deering Place Details

  • 75 one bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • Off Street Parking
  • On-site Laundry

About Deering Place

Deering Place is a 75-unit, mixed-income development that will include a major renovation of 13 existing units and the construction of two new residential buildings on lots adjacent to the existing building. Upon completion, there will be 62 new units. This property is under construction.

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.

Deering Place is managed by Avesta Housing.

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