Lambert Woods North Housing Trust Fund Appropriation

At a glance

  • What: Order 57-26/27 appropriates $375,000 from the Jill C. Duson Housing Trust Fund to Preservation of Affordable Housing (POAH) for Lambert Woods North, 72 affordable apartments in 6 residential buildings at 622 Auburn Street.
  • Money: The Council approved $360,000 for this project in October 2025. With the new $375,000 the fund's total investment is $735,000, leaving a balance of $1.28 million. The developer had asked for about $1.3 million; staff recommended $375,000 after talks with the developer, Maine Housing and the City's underwriter.
  • Where it stands: Recommended 4-0 by the Housing and Economic Development Committee on September 15; first reading at Council on October 5; second reading expected on the October 19 agenda.

Sources

Log

2026-10-19 - City Council Meeting

On the posted agenda with the other housing financing orders (agenda only; no minutes yet).

2026-10-05 - City Council

Order 57-26/27 had its first reading. Sponsored by the Housing and Economic Development Committee, Councilor Ali, Chair.

2026-09-15 - Housing & Economic Development Committee

Mary Davis outlined the request and structure. Committee asked about the make-up of the project, area median income limits, ownership and the trust fund. No public comment. On motion of Councilor Sykes, seconded by Councilor Michniewicz, the Committee voted 4-0 to recommend approval.