Affordable Homeownership & Rental Development Programs

Maine State Housing Authority

Allocation: $50,000,000

Status: Active

Maine’s surging real estate market during the pandemic has put home ownership and rental opportunities out of reach for many Maine families, and displaced renters from stable housing. 

These funds will expand housing options that are affordable to workers and their families to own or rent, through financing programs administered by MaineHousing. A redesigned and expanded Affordable Homeownership Program will invest $10 million in subsidized financing to increase the building of new homes available to households with incomes up to 120% of area median income. The remaining $40 million will be made available to housing developers in 2022 to accelerate the construction of additional affordable rental units accessible to low-income households in Maine.