Walker Terrace

1 Walker Street, Portland, ME 04102

Waiting List Forecast: Likely Short or None

check_circleVerified for 2017 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 - 2 Baths	-

Call (207) 253-8032

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.

Walker Terrace was built by Nathan Szanton and Robert C.S. Monks, the developers behind Casco Terrace on State Street in Portland. When completed in early Fall 2006, Walker Terrace instantly became one of the most appealing rental choices in Portland. Located at the corner of Walker and Congress Streets in Portland's historic and charming West End, the building is a 5-minute walk to Portland's Arts District and a 10-minute walk to its Old Port shopping and restaurant district, and the Downtown office and financial district. It's also within an easy walk to the University of Southern Maine; Portland's premier park, Deering Oaks; two hospitals; the Ice Arena; and Portland's baseball and football stadiums.

Situated at the top of Bramhall Hill, Walker Terrace affords stunning views of Back Cove, Deering Oaks Park and the Western Promenade. It contains twenty 1-bedroom and twenty 2-bedroom apartments with all of the 2-bedroom units featuring a second full bathroom. Two of the 2-bedroom and seven of the 1-bedroom apartments are loft-style with sleeping areas above overlooking the living/dining area, and outdoor decks overlooking the city.

Walker Terrace's brick exterior, bay windows and copper roof tastefully complement the beautiful historic architecture around it. Each unit has its own off-street parking spot included in the rent, many of which are under the building and out of the weather. Each floor of the building has its own fully equipped laundry room. Walker Terrace is the first project in Maine designed to Maine State Housing Authority's Green Building Standards.

Dave's Thoughts On Walker 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 Walker 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 Layfield, Founder of Affordable Housing Online

Walker Terrace Amenities

Elevator
On-Site Manager
Close to Downtown District
Handicapped Accessible
Dishwasher
Walk-in Closet(s)
Scenic View
Security System
On-Site Recycling
Bicycle Storage
Energy Star Appliances
Balconies or Patios Available
Energy Efficient Design
Heat and Hot Water Included
Off Street Parking
Near Bus Line
Laundry Facilities
Smoke Free
Heat Included
Energy Efficient Light Fixtures
On-Site Laundry

Units at Walker Terrace

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

Income Qualification for Walker 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 Walker Terrace

Does Walker Terrace have a waiting list?

Walker 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 Walker 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 Walker Terrace?

Walker Terrace is managed by Saco Falls Management headquartered in Portland, Maine.

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

In addition to Walker Terrace, we list 58 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.