Lofts at Saco Falls
The Lofts at Saco Falls is a historic renovation of a vacant nineteenth century textile factory building into one- and two-bedroom apartments.
The Lofts at Saco Falls is 92,000 square feet and consists of 80 residential units located near the Saco River. The development is a short walk from the downtown areas of Biddeford and Saco, and includes a landscaped courtyard, fitness center, and community room. The Lofts at Saco Falls received the MEREDA Notable Project Award in 2016 and the Maine Preservation honor Award in 2017.
People's United Bank’s $4,986,750 low-income housing tax credit and historic tax credit equity investment will help meet the Biddeford community’s high demand for affordable housing and play a central role in rejuvenating struggling local business.