Housing Development Program Details

Program Summary

The National Housing Trust Fund program (HTF) is a federal resource that MaineHousing allocates to developers to provide funding for the creation of affordable rental housing within the State of Maine for extremely low income (30% or less of Area Median Income) households for a minimum of 45 years. The source of funds for this RFP is the federal Housing Trust Fund. For 2019, MaineHousing is making up to $5,400,000 of HTF funds available under this RFP. The maximum award per project is $900,000.

All applicants will be required to describe the extent to which they can address one or more of the following Consolidated Plan priorities:

Improve Housing Quality,
Expand the Supply of Affordable Housing,
and/or Help Maine People Attain Housing Stability

Eligible activities and expenses include:	Eligible forms of assistance include:
Real property acquisition Site improvements and development hard costs Related soft costs Demolition Financing costs Relocation assistance Operating cost assistance for rental housing Reasonable administrative and planning costs	Equity investments Interest-bearing loans or advances Non-interest bearing loans or advances Interest subsidies Deferred payment loans Grants Other forms of assistance approved by HUD