Multifamily Developers

MaineHousing offers several programs to encourage private development of affordable rental housing for families, seniors and persons will special needs. Low income housing tax credits, development loans, direct development subsidies, affordable housing tax increment financing, and options to restructure debt are available. Developers are required to ensure that housing developed with MaineHousing financing remains affordable.


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    Low Income Housing Tax Credit Program

    The Low Income Housing Tax Credits are a federal resource that MaineHousing allocates in Maine. The credits are allocated to developers, who sell (syndicate) them to corporate investors. Money raised from the sale is used as equity in the developer’s rental housing project.

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    Rental Loan Program

    The Rental Loan Program (RLP) provides long-term mortgage financing at attractive interest rates for development of affordable rental housing. The RLP may be used for acquisition, acquisition and rehab, or new construction of apartment buildings of five or more units; developers must reserve a portion of the units for lower income renters.

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    National Housing Trust Fund Program

    The National Housing Trust Fund program (HTF) is a federal resource that MaineHousing allocates in Maine.  The funding is provided to developers to finance the creation of affordable rental housing within the State of Maine for extremely low income (30% or less of Area Median Income) households.

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    Affordable Housing Tax Increment Financing

    The Affordable Housing Tax Increment Financing (AHTIF) Program enables communities to dedicate the incremental tax revenues from new affordable housing development to help make the housing affordable or to pay for related costs.

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    Loan Modification Program

    The Loan Modification Program offers owners of MaineHousing financed multi-family properties the opportunity to restructure MaineHousing debt by modifying interest rates, extending loan terms, or both. Loan modifications generally lower debt service payments in return for extended project affordability.

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    Subsequent Loan Program

    The Subsequent Loan Program provides additional financing to owners of existing MaineHousing financed properties for such things as unanticipated operating shortfalls, capital improvements and creation of new units.

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    Contract Administration Loan Program

    The MaineHousing Contract Administration Loan Program ensures the preservation of affordability by permitting eligible owners of Section 8 properties with a project-based Housing Assistance Payments contract.

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    Supportive Housing Programs

    ** The Supportive Housing RFP program(s) are currently unavailable **
    The Supportive Housing Programs (SHP) provide reduced interest rate debt financing and subsidy funds to eligible nonprofit developers to create housing for low- and very low- income persons with special needs.

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    Supportive Housing Repair & Emergency Shelter Repair Program

    After years of service, some properties face needs that require immediate attention, but lack adequate reserves to address the necessary repairs. As a result, MaineHousing offers the Supportive Housing & Emergency Shelter Repair Program which provides 5 year forgivable loans to address repairs that will ensure properties are able to continue to provide decent, safe, sanitary housing to Maine’s most vulnerable citizens.  

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    Affordable Housing Subdivision Program

    In an ongoing effort to increase the supply of moderately-priced homes available to Mainers, MaineHousing providing funding to facilitate the development of subdivisions with affordable single family homes. The program is intended to help lower the costs to developers building homes in a subdivision by providing zero percent interest, forgivable loans.


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