MaineHousing offers several programs to encourage private development of affordable rental housing or homeownership opportunities for families, seniors and persons with 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.
$13.2 mill Awarded
Mainehousing Awards $13.2 Million For Affordable Housing in Kittery, Farmington, And Bangor for three developments that are aimed at helping individuals and families experiencing homelessness in Maine.
On August 25th Gov. Janet Mills, and U.S. Sens. Susan Collins and Angus King were on hand for a ground breaking ceremony in Lewiston at Wedgewood House. All heralded the project as the first step in a multi-year effort to revamp the area.
Programs For Existing Properties