In Westbrook, two affordable housing complexes are nearing completion
Photo / Courtesy, Great Falls Construction / E.Blackmore Photography
The Stacy M. Symbol Apartments will have 60 units reserved for 55-plus tenants who earn 60% or less of the area median income.
Two separate Westbrook apartment complexes are in the final stages of construction, and will add 115 total units of affordable housing to the city by this fall.
Both are geared toward tenants 55 years old or older.
Westbrook Development Corp.'s Stacy M. Symbol Apartments, at 68 Nicklaus Lane, will add much-needed units to southern Maine's housing stock. The complex will have 60 units, of which seven will be ADA-accessible and three will be for hearing-impaired residents.
The cost is $15 million. The building is financed through a Low Income Housing Tax Credit, which is allocated by MaineHousing.
Siding and trim are being added and solar panels have been installed. Interior work is underway, the general contractor, Gorham-based Great Falls Construction, reported this week.
"We are targeting early fall 2024 for our opening date," Tyler Norod, development director for Westbrook Development Corp., told Mainebiz. "Waitlists are now open on our website for folks who may be interested."
Amenities will include a community room, fitness room, library, bike storage, on-site laundry room, energy-efficient design with solar panels affixed on roof. Access to 40 acres of new conservation land trails along the Presumpscot River that were placed in conservation as part of this project.
The apartments are all one-bedroom units. Rents will range from $1,350 to $1,400, with utilities included. Most of the units average 600 square feet.
To qualify as affordable housing, the maximum income for residents is $53,580 for a one-person household or $61,200 for a household of two people, according to MaineHousing guidelines.
Also in Westbrook
A separate 55-plus development, the Stroudwater Apartments, is expected to open this fall.
Criteria for the property is a maximum income of $53,580 for a one-person household and $61,200 for a two-person household.
The apartments are at 160 Stroudwater St., across from Westbrook High School.
That project contains 55 one-bedroom affordable apartments for residents age 55 and older. The units are restricted to households earning up to 60% area median income.
"Stroudwater Apartments broke ground approximately six weeks before Symbol Apartments and is scheduled to complete construction by end of summer/early fall 2024," Norod said.
AlliedCook Construction, of Scarborough, is the construction manager.
Westbrook Housing
Westbrook Development Corp., the developer of the two properties, is a nonprofit specializing in affordable housing. It is a separate organization from the Westbrook Housing Authority.
Once they are completed, Westbrook Housing will be the property manager for the properties.
Apart from the two projects underway, Westbrook Housing, established in 1969, has 12 developments with 555 units.
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