The Prime 197 Oxford Street Affordable Housing TIF District and Municipal Development Program
Portland
Description
A TIF district and development program for the Prime at 197 Oxford Street affordable housing project got its first reading.
Impact summary
Would support affordable housing financing at 197 Oxford Street.
Applicant
- Name
- Housing & Economic Development Committee (Councilor Pious Ali, Chair)
- Address
- 197 Oxford Street, Portland, MaineSee this on the map
At a glance
- Hearings
- 2
- Public comments
- 0
- Total mentions
- 2
Last vote
A recommendation. The council’s outcome is not on record here.
Last discussed Jun 30, 2026.
Meeting timeline (2)
Housing & Economic Development Committee - Jun 30, 2026
47 units of affordable rental housing at the former Oxford Street Shelter site, seeking a 75% TIF over 30 years. The committee voted 1-2 not to recommend it, citing concerns about the Reveler/Avesta arrangement, but it still goes to the City Council.
City Council - Jun 15, 2026
TIF district designation and Avesta credit enhancement agreement for affordable housing; first reading only.
Related issues (2)
Boyd/Cumberland Affordable Housing TIF
The council amended the affordable housing TIF district and its credit enhancement agreement — tools that help fund affordable housing development in the district.
202 Woodford Street Affordable Housing TIF Amendment
First readings advanced for TIF districts and Avesta credit enhancement agreements at The Prime (197 Oxford Street) and Dashaway Commons (15-19 Cedar Street), plus amendments for 42 Atlantic Street — final votes come later.
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