About This Property
Elm Terrace contains 38 low-income units serving families in Portland, ME, with a mix of 6 studio, 22 one-bedroom, and 10 two-bedroom apartments. The property was placed in service in 2013 and receives funding through HOME grants and tax-exempt bonds. The development utilizes 9% Low-Income Housing Tax Credits to support its operations.
Waitlist Information
Waitlist managed by Portland Housing Authority
Applications are for Franklin Towers, Bayside East, Bayside Terrace, and Kennedy Park. Applicants can call to request an application by mail. The website asks 'Is there a waiting list for public housing?' and 'What happens when my name comes to the top of the waiting list?', implying a waiting list exists.
The Maine Section 8/HCV Centralized Waiting List is a partnership of 20 PHAs and accepts applications indefinitely. Applicants can update their application on AffordableHousing.com. Waiting lists are generally very long and could take years.
Waitlist data provided by section8waitlist.org
Updated October 22, 2026
Property Details
Fair Market Rent - Cumberland County, ME
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,035 |
| 1 Bedroom | $1,162 |
| 2 Bedroom | $1,527 |
| 3 Bedroom | $1,904 |
| 4 Bedroom | $2,251 |
Income Limits - Cumberland County, ME
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,500
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $18,850
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,350
- Low (80%)
- $56,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,400
- Low (80%)
- $67,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,550
- Low (80%)
- $72,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,700
- Low (80%)
- $77,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,850
- Low (80%)
- $82,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,500 | $27,500 | $44,000 |
| 2 Persons | $18,850 | $31,400 | $50,250 |
| 3 Persons | $21,960 | $35,350 | $56,550 |
| 4 Persons | $26,500 | $39,250 | $62,800 |
| 5 Persons | $31,040 | $42,400 | $67,850 |
| 6 Persons | $35,580 | $45,550 | $72,850 |
| 7 Persons | $40,120 | $48,700 | $77,900 |
| 8 Persons | $44,660 | $51,850 | $82,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Portland, ME?+
The Fair Market Rent (FMR) for Cumberland County, ME is: $1035 (Studio), $1162 (1BR), $1527 (2BR), $1904 (3BR), $2251 (4BR). Actual rent at subsidized properties like Elm Terrace is typically 30% of household income or less.
What size apartments are available at Elm Terrace?+
Elm Terrace offers the following unit types: 6 Studio, 22 One-Bedroom, 10 Two-Bedroom units, for a total of 38 units.
What are the income limits for affordable housing in Cumberland County, ME?+
For a 4-person household in Cumberland County, ME, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,250, Low Income (80% AMI): $62,800. These limits are set by HUD and updated annually.
Is there a waitlist for Elm Terrace?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Elm Terrace?+
Elm Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Elm Terrace?+
Elm Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Portland, ME?+
Based on Fair Market Rent for Cumberland County, the estimated price range is: 1-bedroom: $1162, 2-bedroom: $1527. Actual rent at Elm Terrace may be lower for income-eligible households.
Who is eligible to live at Elm Terrace?+
Elm Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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