Maine Cooperative Development Partners
Maine Cooperative Development Partners is a Portland, Maine affordable housing developer founded in 2020 that builds price-restricted condos, limited equity cooperatives, and income-restricted apartments on city-owned land, serving households earning 60-100% of Area Median Income across three neighborhoods totaling ~287 planned units.
- Company typePrivate
- Founded2020
- HeadquartersPortland, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Maine Cooperative Development Partners does
Maine Cooperative Development Partners (MCDP) is a Portland, Maine-based affordable housing developer founded in 2020 by Brian Eng, Liz Trice, and Matthew Peters. The firm develops mixed-income housing across three ownership structures on city-owned land: price-restricted condominiums (Dougherty Commons), limited equity housing cooperatives (Lambert Woods South), and income-restricted rental apartments (Lambert Woods North). Its portfolio comprises approximately 287 planned units across three Portland neighborhoods, with a $23 million Lambert Woods North development partnered with POAH and construction that began in late 2025.
MCDP's product architecture combines modular factory-built construction (via Backyard ADUs and the KBS factory in Poland, Maine) with DOE Zero Energy Ready Homes certification (HERS 34-42%) and electric heat pump systems with heat recovery ventilation. Condos at Dougherty Commons Phase 2 (20 units) are priced at $268,800 (1BR) and $325,000 (3BR), restricted to households earning up to 100% Area Median Income. Lambert Woods South cooperative units carry a $5,000 share price plus $1,750-$2,750/month in carrying charges, with share appreciation capped at 6% annually under state law. Lambert Woods North offers 72 apartments at up to 60% AMI, with seven units reserved for homeless shelter referrals.
Revenue is generated through one-time condo sales, one-time cooperative share sales, recurring rental income (managed by POAH), and government subsidies including MaineHousing, HUD 2013 program loans, Tax Increment Financing, and City of Portland housing trust funds. Distribution runs through direct website applications, a 10+ lender pre-qualification network, and government RFP channels. The firm has no institutional equity investors and operates as a three-partner development shop with 1-10 employees.
Maine Cooperative Development Partners firmographics
Firmographics- Name
- Maine Cooperative Development Partners
- Legal name
- Maine Cooperative Development Partners
- Website
- https://mainecooperativehousing.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Maine Cooperative Development Partners is a Portland, Maine affordable housing developer founded in 2020 that builds price-restricted condos, limited equity cooperatives, and income-restricted apartments on city-owned land, serving households earning 60-100% of Area Median Income across three neighborhoods totaling ~287 planned units.
- Ownership category
- akta.pro rank
Maine Cooperative Development Partners industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Lessors of Residential Buildings and Dwellings (531110), New Single-Family Housing Construction (except For-Sale Builders) (236115)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513)
- akta.pro primary industry
- Residential Affordable Housing Development & Construction (IMAFABAI)
Keywords
Where Maine Cooperative Development Partners is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Maine Cooperative Development Partners business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Condominium Sales: Sale of price-restricted and income-restricted condos at Dougherty Commons. Buyers must be at 100% AMI or below. Future sale prices restricted to increase only with Area Median Income growth. Condo fees cover water/sewer, trash, grounds, maintenance reserves, and condo insurance.
- Cooperative Share Sales: Sale of $5,000 share prices for Limited Equity Cooperatives. Residents pay monthly carrying charges ($1,750-$2,750 including utilities) covering operating costs, debt service, taxes. Income only tested at move-in. Share appreciation capped at 6%/year by state law.
- Apartment Rental Income: Rental income from Lambert Woods North 72-unit apartment complex for households earning up to 60% AMI. Managed by partner POAH (Preservation of Affordable Housing). Seven units reserved for homeless shelter referrals.
- Government Funding and Subsidies: Funding from MaineHousing, City of Portland housing trust funds, Tax Increment Financing (TIF), HUD 2013 program loans, and other public sources to subsidize development costs and maintain affordability.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Monthly | 1 Bedroom Condo at Dougherty Commons |
| One time/ perpetual license | Monthly | 3 Bedroom Condo at Dougherty Commons |
| Subscription | Monthly | 1 Bedroom Co-op at Lambert Woods South |
| Subscription | Monthly | 2 Bedroom Co-op at Lambert Woods South |
| Subscription | Monthly | 3 Bedroom Co-op at Lambert Woods South |
| Subscription | Monthly | Apartments at Lambert Woods North |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Maine Cooperative Development Partners product offering
Product offeringCore offering
Maine Cooperative Development Partners develops mixed-income affordable housing in Portland, Maine through three models: price-restricted and income-restricted condominiums (Dougherty Commons Phases 2 and 3), income-restricted rental apartments (Lambert Woods North, 72 units), and limited equity cooperative housing (Lambert Woods South, 90 units). Units are built using factory-built modular construction, achieving DOE Zero Energy Ready Homes certification, and are sold or rented to households earning up to 60-100% of Area Median Income.
Product overview
Maine Cooperative Development Partners is a unified housing development company offering three distinct affordable housing products: (1) Condos at Dougherty Commons, a price-restricted and income-restricted condominium development in Portland with modular zero-energy-ready homes; (2) Lambert Woods North Apartments, a 72-unit income-restricted apartment complex developed in partnership with POAH; and (3) Lambert Woods Cooperative, a 90-unit Limited Equity Housing Cooperative offering shared ownership with democratic governance. All properties are located on land owned by the City of Portland and serve households across income levels from 60% to 100% of Area Median Income.
Differentiator
Problem solved
Functional benefit
Products and services
- Condos at Dougherty Commons Phase 2 20 new 1BR and 3BR price-restricted and income-restricted condominiums at 65 Dougherty Court in Portland, Maine, priced for households earning up to 100% of Area Median Income. Built with modular construction and achieving DOE Zero Energy Ready Homes certification with HERS index 34-42%. Includes 16 condos in Phase 2 at 65 Dougherty Court and 4 condos at 57 Dougherty Court (sold out as of 12/1/2025).
- Lambert Woods North Apartments 72-unit affordable apartment complex consisting of townhomes and 3-story walkup apartments with indoor and outdoor community spaces, serving households earning up to 60% of Area Median Income. Seven units are reserved for homeless shelter referrals. Managed by partner POAH (Preservation of Affordable Housing).
- Lambert Woods Cooperative (South) 90-unit Limited Equity Cooperative housing development with 1, 2, and 3 bedroom homes offering democratic ownership and resident governance. Residents purchase $5,000 cooperative shares and pay monthly carrying charges of $1,750-$2,750 including utilities. Share appreciation capped at 6% per year by Maine state law. Income-tested only at move-in.
Quantifiable outcome
- 58-66% less energy use than standard new homes (HERS index 34-42%)
- +3 more outcomes
Companies that use Maine Cooperative Development Partners
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Maine Cooperative Development Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Maine Cooperative Development Partners partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor and core.
- CordijaminorConstruction management for Lambert Woods North project. Site superintendent Ron Weymouth handles urgent same-day construction concerns.
- Backyard ADUscoreBuilder for Dougherty Commons condos. Factory-built modular sections assembled on-site. Backyard ADUs uses KBS factory in Poland, Maine. Partnership enables rapid construction (4 units in 1 day) with high quality finishes and energy efficiency.
- Preservation of Affordable Housing (POAH)coreNon-profit affordable housing developer based in Boston, MA. Lead developer and long-term manager for Lambert Woods North apartments. First development in Maine. 72-unit project managed by POAH.
- City of PortlandcoreLand owner that issued RFP in 2020 and selected MCDP team. Provides land, housing trust funding ($1.5M for condos, Jill C. Duson Housing Trust for Lambert), and regulatory support. Oversight of income verification for first-time buyers.
- Penobscot General ContractorscoreFalmouth-based general contractor for Lambert Woods North construction. Building 72-unit apartment complex in 6 buildings including townhomes and 3-story walkup apartments.
- Kaplan Thompson Architects (KTA)corePortland-based architectural firm handling design for Lambert Woods North. Partner organization also develops energy-efficient housing solutions. Featured in Landscape Architecture Magazine for Dougherty Commons work.
- Acorn EngineeringcorePortland-based civil engineering firm for Lambert Woods North project. Provides site plan engineering and technical support for development.
- Aceto Kimball Landscape Architects (AKLA)coreLandscape architecture firm (Portland, ME | Jackson, NH) designing site landscapes for Dougherty Commons and Lambert Woods. Featured in Landscape Architecture Magazine October 2024 issue for innovative housing project designs.
- Urban Homesteading Assistance Board (UHAB)coreNew York-based organization managing 20,000+ units of cooperative housing. Board member Brian Eng brings expertise. UHAB provides training, conferences, and resources for Limited Equity Cooperatives. Partner organization supported Douglass Commons development.
- Cooperative Development Institute (CDI)coreROC USA affiliate providing technical assistance for cooperative housing development. 53 mobile home park conversions in New England. Played key role in bringing co-op model to Portland City Council and explaining benefits.
- Portland TrailsminorCollaborated with Portland Trails to sketch future trail plans at Lambert Woods development sites. Conserved 450 acres in Rumford (Rumford Community Forest 2025) initiated by MCDP developer Liz Trice.
- Szanton CompanyminorDevelopment partner for original Douglass Commons project. Building 63-unit apartment building at Dougherty Commons site. Partnership ended; project now called Dougherty Commons Phase 3 condos.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Maine Cooperative Development Partners competitors and assessment
Company assessmentDirect peers
- Avesta Housing: Maine's largest affordable housing developer, based in Portland. Avesta is Matthew Peters' former employer (8 years, ending as VP of Real Estate Services) and operates multifamily affordable housing across Maine using similar LIHTC/HUD-funded models, making it the closest direct comparable.
- Preservation of Affordable Housing (POAH): Boston-based nonprofit affordable housing developer and long-term manager; POAH is MCDP's lead partner on Lambert Woods North. Operates a national portfolio of mixed-income rental housing using similar federal/state subsidy stacks, providing a near-perfect model for how MCDP's apartments arm could scale.
- Champlain Housing Trust: Burlington, VT-based community land trust operating the largest CLT in the U.S. (700+ homes). Champlain pioneered the shared-equity resale formula that MCDP's co-op and condo appreciation caps emulate, and operates across a similar New England small-city footprint.
- Urban Homesteading Assistance Board (UHAB): NYC-based nonprofit that develops, manages, and trains residents of limited equity cooperatives (20,000+ units). UHAB is MCDP's strategic co-op training partner and Brian Eng is a board member, making it a direct functional peer in the LEC operating layer.
Regional players
- Burlington Community Land Trust: Earlier Burlington-area community land trust model (predates Champlain Housing Trust). Demonstrates the Vermont/New England municipal-CLT playbook for permanently affordable ownership that MCDP's LEC structure mirrors.
- Coastal Enterprises Inc. (CEI): Maine-based community development financial institution (CDFI) that finances affordable housing and community development across rural Maine. Similar mission focus and Maine geographic base; provides financing infrastructure analogous to MCDP's reliance on MaineHousing and CREA LLC.
Broad incumbents
- The Community Builders: National nonprofit affordable housing developer and operator with thousands of units across multiple states. Operates a similar mix of mixed-income rental and homeownership product and pursues comparable LIHTC/HUD financing stacks, though at significantly larger scale.
- Enterprise Community Partners: National nonprofit affordable housing developer, investor, and policy advocate with a $60B+ deployed capital footprint. Provides capital, expertise, and policy frameworks for affordable housing developers including those using cooperative and shared-equity models.
- Habitat for Humanity International: Largest nonprofit affordable homeownership developer globally, with income-restricted, below-market resale structure similar in spirit to MCDP's price-restricted condos. Operates a far broader geographic and product footprint.
Emerging players
- ROC USA: National nonprofit that converts mobile home parks into resident-owned cooperatives. Affiliate of Cooperative Development Institute (MCDP's technical assistance partner). Comparable cooperative-development expertise and resident-ownership model, though focused on mobile home parks rather than urban multifamily.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Maine Cooperative Development Partners social profiles
Digital presenceMaine Cooperative Development Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Maine Cooperative Development Partners leadership team
Management profileNumber of profiles
Profiles3 records
Maine Cooperative Development Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Maine Cooperative Development Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Maine Cooperative Development Partners
What does Maine Cooperative Development Partners do?
Maine Cooperative Development Partners develops mixed-income affordable housing in Portland, Maine through three models: price-restricted and income-restricted condominiums (Dougherty Commons Phases 2 and 3), income-restricted rental apartments (Lambert Woods North, 72 units), and limited equity cooperative housing (Lambert Woods South, 90 units). Units are built using factory-built modular construction, achieving DOE Zero Energy Ready Homes certification, and are sold or rented to households earning up to 60-100% of Area Median Income.
Is Maine Cooperative Development Partners a public or private company?
Maine Cooperative Development Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Maine Cooperative Development Partners founded?
Maine Cooperative Development Partners was founded in 2020. It employs 1 to 10 people.
Where is Maine Cooperative Development Partners based?
Maine Cooperative Development Partners is headquartered in Portland, United States, in the North America region.
How does Maine Cooperative Development Partners make money?
Four revenue lines are on record. Condominium Sales are the primary driver. The others are cooperative Share Sales, apartment Rental Income and government Funding and Subsidies.
Who are Maine Cooperative Development Partners's main competitors?
Direct peers on record are Avesta Housing, Preservation of Affordable Housing (POAH), Champlain Housing Trust and Urban Homesteading Assistance Board (UHAB). Regional players are Burlington Community Land Trust and Coastal Enterprises Inc. (CEI). Broad incumbents are The Community Builders, Enterprise Community Partners and Habitat for Humanity International. ROC USA is listed as an emerging player.
Does Maine Cooperative Development Partners have an API?
No public API is recorded for Maine Cooperative Development Partners.
What industry is Maine Cooperative Development Partners in?
Maine Cooperative Development Partners's product category is Affordable Housing Development. Its primary akta.pro industry code is IMAFABAI, Residential Affordable Housing Development & Construction. Its NAICS code is 531110 and its SIC code is 6552.