Me. Rev. Stat. tit. 30-A, §§ 4971–4978, 4743, 4994-D § 4975
Provide financing
Operative Text
The Maine State Housing Authority or any municipal housing authority may provide low interest or no interest financing to any person who agrees to construct, reconstruct, rehabilitate or purchase property to provide housing for moderate-income and low-income households.
Under 30-A M.R.S. § 4975, the Maine State Housing Authority and municipal housing authorities are authorized to offer low-interest or no-interest financing to individuals or entities that commit to building, rebuilding, rehabilitating, or buying property for the purpose of housing moderate- and low-income households. This provision creates a financing tool aimed at expanding affordable housing supply rather than regulating rents directly. The rule defines who may receive this financing and for what purposes it may be used.
Plain English — not legal advice.
Section 4975 of Title 30-A gives property owners and developers a potential avenue to access below-market or interest-free financing from the Maine State Housing Authority or a local municipal housing authority. Operators who agree to construct, reconstruct, rehabilitate, or purchase housing designated for moderate- and low-income residents are the intended recipients of this financing. Compliant operators generally document their commitment to serving qualifying income levels as part of any financing arrangement under this provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
30-A M.R.S. § 4975 supports the creation and preservation of housing for moderate- and low-income households by enabling public housing authorities to offer favorable financing to developers and property owners. Tenants benefit indirectly when this financing leads to more affordable units being built or rehabilitated in their communities. Those seeking information about housing opportunities connected to this program may contact the Maine State Housing Authority or a local municipal housing authority, or reach out to a tenant-rights or housing-advocacy organization for guidance.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 22, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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