Merici Woods

88 Silver St, Waterville, Maine 04901

Merici Woods has been designed for the housing needs of moderate-income households in the Central Maine area. There are Efficiency size, 1, & 2 bedroom apartments for an in-town living for the 55+ community.

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Call for Price
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Merici Woods Details

  • 28 studio, one and two bedroom units.
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Community Room
  • Library
  • On-Site Parking
  • On-Site Laundry

Unit Amenities

  • All Appliances included
  • Heat and Hot Water Included
  • Electric Included

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.

Merici Woods is managed by Waterville Housing Authority.

Image of Merici Woods
Image of Merici Woods
Image of Merici Woods
Image of Merici Woods
Image of Merici Woods

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