Bessey SchoolScarborough, ME A former school built in 1926, Bessey School consists of an historic building and a new wing. Located in the center of Scarborough, the property fulfills a community need for affordable housing for the elderly. |
![[img] Bessey School](../_images/projects/BesseySchool_cc07.jpg) |
| LP Name | Bessey School LP | |
| Number of Units Type Residency |
54 rehab/new elderly |
|
| Placed in Service Date Partnership Closing Date |
projected 12/08 08/07 |
|
| Unit Mix | 53 one-bedroom units 1 two-bedroom unit |
|
| Income Target | 33 units at or below 50% of AMI 21 units at or below 60% of AMI |
|
| NNEHIF Fund | TD Banknorth, N.A./CC 2007 LP | |
| Other Sources of Funding | MaineHousing RLP Tax Increment Financing (TIF) AHP Subsidy | |
| Developer | Housing Initiatives of New England | |
| Property Manager | Stewart Property Management | |