News Flash

City News

Posted on: March 15, 2018

Affordable Homeownership Opportunity Available in Portland's West End

one joy

The new OneJoy development located at One Joy Place in the West End offers the City's first affordable housing inclusionary development unit for homeownership. OneJoy is a 12 unit one-bedroom complex and unit 1A has been designated for sale as a workforce affordable unit with a sale price of $202,000. 

Unit 1A is regulated under the city of Portland’s Inclusionary Zoning Regulations which govern how the unit may be marketed, the income level of the prospective buyer(s), and the maximum allowable sales price, which is determined by formula at the time of contract as well as other restrictions set forth by the City of Portland. 

Income maximums are currently based on the HUD FY 2017 Income Limits. The HUD FY 2018 Income Limits are likely to be published in late March 2018. The unit will be updated to the new rates when they come out and that may or may not affect the prospective buyer’s eligibility. 

2017 Income Limits - Portland, ME HUD Metro Area 120% of Area Median Income: 

  • 1 Person Household: $68,950 
  • 2 Person Household: $78,800 (this amount will apply if there are 2 occupants but only 1 works)

To qualify for the unit, the buyer(s) must certify that: 

  • I/we certify this will by my/our primary residence 
  • I/we certify I/we will not rent out this unit for short or long term periods to other households 
  • I/we certify I/we do not own other residential real estate 
  • I/we certify I/we agree that household income and other eligibility requirements shall be deemed substantial and material obligations 
  • I/we agree I/we am/are a permanent resident(s) of the United States 
  • I/we agree the city of Portland shall have the right of first refusal to purchase the unit if it is in jeopardy of losing its affordability restriction

Unit 1A - Inclusionary Zoning Restricted Unit Information Included in this document: 

The Workforce Housing Agreement. This will be recorded with the deed for the unit and this restrictive covenant will run with the property forever. Buyers need to be aware that their future sales will be governed by these restrictions. 

Owner Income Verification. This is a form that the City of Portland will require once we’ve identified an eligible buyer. It identifies the maximum household income level (and other certifications) for the prospective buyers – which can only be 1 or 2 person households. 

The Max Sale Price Calculation. This is the city’s formula for determining price. This is the same formula that will be used for future sales. Some of the inputs are subject to change – but will NOT be impacted by the specific buyer’s situation; meaning, for example, the average interest rate is fixed by the city and will not change based on the buyer’s actual interest rate for their specific loan product. 

If you want to learn more about Portland’s Inclusionary Zoning, visit the Inclusionary Zoning page of the City of Portland’s website here

Interested buyers should fill out the eligibility verification, which can be accessed on this Google Form. For information on the overall project, visit: Interested buyers can send any other questions to

Facebook Twitter Email

Other News in City News

district meetings 2018

City Hosts Annual District Meetings

Posted on: December 3, 2018
welcoming week

City Celebrates Welcoming Week

Posted on: September 13, 2018

Council Approves Pesticides Ordinance

Posted on: January 10, 2018