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. Funding for this Program is, in part, through the Maine Jobs and Recovery Plan, Governor Mills’ plan, approved by the Legislature, to invest nearly $1 billion in Federal American Rescue Plan funds to improve the lives of Maine people and families, help businesses create good-paying jobs, and build an economy poised for future prosperity.
**Due to overwhelming interest, the Rural Affordable Rental Housing Program is closed to new applications until additional funding sources can be obtained.**
Eligible applicants are:
Rural Affordable Rental Housing Program eligible activities are:
All projects must be between five and eighteen units in size. All units must be leased to households making no more than 80% of Area Median Income and are leased at not more than 80% Area Median Income rents. All residents must inhabit the units as their primary, permanent residence.
For more information on program eligibility, priorities, and how to apply, download and review the Program Guide.
Mark Wiesendanger, Director of Development
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