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Elm Terrace

68 High St, Portland, ME 04101

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents† Studio - 2 Beds 1 Bath 520 - 900 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable
Call (207) 899-0202

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Elm Terrace features studio, one and two-bedroom apartment homes in convenient Downtown Portland. Apartment interiors are spacious with individual climate control, and the cost of heat, hot water, and Wi-Fi are included in the rent.

Dave's Thoughts On Elm Terrace

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Elm Terrace does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Elm Terrace Amenities

  • Elevator
  • Community Room
  • 24hr Emergency Maintenance
  • Handicapped Accessible
  • Dishwasher
  • Heat and Hot Water Included
  • Smoke Free
  • High Speed Internet Access
  • Individual heating and cooling systems
  • On-Site Laundry

Units at Elm Terrace

Unit (Bd/Ba) Ft2 Rent
Efficiency/ Studio (Studio/1) 520ft2 Call for Price†
1 Bedroom (1/1) 650ft2 Call for Price†
2 Bedroom (2/1) 900ft2 Call for Price†

Income Qualification for Elm Terrace

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for LIHTC Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,450 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
50% AMI for PBRA Units $41,450 / year $47,350 / year $53,250 / year $59,150 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $39,060 / year $44,640 / year $50,220 / year $55,740 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year
60% AMI for LIHTC Units $49,740 / year $56,820 / year $63,900 / year $70,980 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Elm Terrace

Does Elm Terrace have a waiting list?

Elm Terrace probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Elm Terrace?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Elm Terrace?

Elm Terrace is managed by Preservation Management, Inc. headquartered in Damariscotta, Maine.

In addition to Elm Terrace, how many other affordable housing properties (and units) are there in Portland?

In addition to Elm Terrace, we list 57 other affordable properties in Portland. Learn about these properties here. Our data research shows that there are a total of 3483 affordable units in Portland.

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† Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.