Affordable housing TIF requests (The Prime, Dashaway Commons, 42 Atlantic)
Portland
Summary
Three affordable housing projects sought tax increment financing to compete for MaineHousing tax credits. The committee recommended two — Dashaway Commons and the 42 Atlantic amendment — but balked at The Prime over questions about the Reveler/Avesta ownership arrangement and inclusionary zoning mechanics.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Last discussed Jun 30, 2026.
Impact analysis
If fully approved, the deals would return roughly $45K-$50K a year to each developer while still sending about $17K-$35K annually to the city's General Fund.
Affordable housing residents, people exiting homelessness, and Avesta Housing as developer.
Critics argue taxpayers effectively subsidize inclusionary zoning units for market-rate developers like Reveler.
Mentions & discussions (4)
Housing & Economic Development Committee - Jun 30, 2026
Three affordable housing projects sought tax increment financing to compete for MaineHousing tax credits. The committee recommended two — Dashaway Commons and the 42 Atlantic amendment — but balked at The Prime over questions about the Reveler/Avesta ownership arrangement and inclusionary zoning mechanics.
Planning Board - Apr 14, 2026
A 30-unit housing project in the Munjoy Hill Historic District, approved by the Historic Preservation Board in May 2024, came back to the Planning Board on appeal after a court remand ordered new findings of fact.
Historic Preservation Board - Feb 4, 2026
A neighborhood abutter has been fighting the board's 2024 approval of new construction at 42 Atlantic Street all the way to Superior Court, which ordered the board to write up proper legal findings. This meeting was the board's chance to do that paperwork — the project approval itself wasn't up for a re-do.
Planning Board - Jan 27, 2026
A court has ordered the city back to the drawing board on a 30-unit Munjoy Hill housing project that was approved back in May 2024 — the Historic Preservation Board needs to formally adopt findings of fact. No public comment was scheduled on this one.
Related development
Dashaway Commons 15-19 Cedar Street Affordable Housing Credit Enhancement Agreement
Would support affordable housing financing on Cedar Street.
30 Atlantic Street New Construction
The project itself moves forward or not based on the existing approval; this meeting was about shoring up the legal record behind it.
HPBR-002814-2024 Appeal — 42 Atlantic Street
The appeal could determine whether the 30-unit housing project in the historic district proceeds.
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