Special Market Rate

Special Market Rate (SMR) rents are the same as Basic Rent except there is a limit to the high end of the rent. So if 30% of the gross household income is above the SMR, then the rent will be the SMR rate.

SMR rates vary with the project but are generally:

1 bedroom – basic (no less than) $517
2 bedroom – basic (no less than) $545

As with Basic Rent, SMR tenants pay their own utilities.

Special Market Rate Locations:

Gardiner Village
30 Adams Street
Gardiner, ME 04345

Lisbon Falls Terrace
610 Lisbon Street
Lisbon Falls, ME 04250

Highland Terrace
215 Highland Avenue
Gardiner, ME 04345

Maine Avenue Heights
12, 14, 16, & 18 Kennebec Drive
Farmingdale, ME 04344

Kennebec Village
13, 15, & 19 Riverview Street
Farmingdale, ME 04344

Salt Bay Apartments
1-3 Salt Bay Drive
Damariscotta, ME 04543