Yellen Pines Affordable Housing TIF District
Bangor
Description
A 30-unit supportive housing facility for chronically homeless individuals with a 30-year affordable housing TIF returning 75% of incremental taxes to the developer. Approved as amended after residents raised environmental review and title concerns.
Impact summary
The city would forgo most new property tax value from the site for 30 years — potentially $20-40 million by one councilor's estimate — while housing 30 of the region's highest-need homeless individuals off Bangor streets.
Applicant
- Name
- Bangor Housing Development Corporation / Bangor Housing Authority
- Address
- 205 Corporate Drive, Bangor, Maine (Map/Lot R25-001-A)
At a glance
- Hearings
- 3
- Public comments
- 6
- Total mentions
- 3
Last vote · City Council
Discussed at 1 meeting in the last 60 days; most recently Sep 28, 2026.
Meeting timeline (3)
City Council (Regular) - Sep 28, 2026
A 30-unit supportive housing facility for chronically homeless individuals with a 30-year affordable housing TIF returning 75% of incremental taxes to the developer. Approved as amended after residents raised environmental review and title concerns.
City Council Workshop (Regular) - Aug 24, 2026
A Home for Good permanent supportive housing project (30 units, run with Preble Street) getting a 30-year credit enhancement agreement. The council agreed on nine protective conditions plus a Bangor residency preference; a draft CEA will come back before going to Maine Housing.
City Council Workshop (Regular) - Aug 10, 2026
Bangor Housing is seeking a 30-year affordable housing TIF district with a credit enhancement agreement for a 30-unit housing-first project; staff recommends 75% credit instead of the 100% requested. No vote was taken at this workshop.
Related issues (2)
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