Maine State Housing Authority
Maine

MaineHousing is providing funding to developers for the development of smaller (five to 18 units) affordable rental housing projects in areas and at a size where traditional Low Income Housing Tax Credit projects are not generally feasible. Rural Affordable Rental Housing Program eligible activities include acquisition and/or rehabilitation of existing rental housing units, adaptive re-use of existing buildings for rental housing, and new construction of rental housing units.

Funding Source
Special one-time federal funding; Special one-time non-federal funding
Funding Year
2022
Program Status
Active
State Funding
$10,000,000
Total Funding
$20,000,000
Treasury State and Local Fiscal Recovery Funds (SLFRF) Funding
$10,000,000
Website
https://mainehousing.org/programs-services/housing-development/developmentdetails/rural-affordable-housing-rental-program
Contact
Mark Wiesendanger Maine State Housing Authority [email protected] 207-626-4625
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
80% AMI or less
Duration
Affordability period is 45 years
Info Source
NLIHC internet research
Last Updated
7/18/23 10:49
Other Eligibility Requirements

Must inhabit unit as primary permanent residence

Priority Populations

Does not prioritize beyond eligibility requirements