Rural Affordable Housing Rental Program
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. Governor Mills and the Legislature appropriated $25 million to fund this program.
ELIGIBILITY
Eligible applicants are:
- Public Housing Authorities,
- Community Action Agencies,
- Non-Profit Housing Developers, and
- For-Profit Housing Developers
Rural Affordable Rental Housing Program eligible activities are:
- 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.
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.
MORE INFO
Contact Information
For more information on program eligibility, priorities, and how to apply, download and review the Program Guide.
Multifamily Development Info
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