Home : Housing Development : Subsequent Loans and Debt Restructuring Programs

MaineHousing offers several programs to encourage private development of affordable rental housing for families, seniors and persons will 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.

		Subsequent Loan Program
		The Subsequent Loan Program provides additional financing to owners of existing MaineHousing-financed properties for such things as unanticipated operating shortfalls, capital improvements and creation of new units.

		Loan Modification Program
		The Loan Modification Program offers owners of MaineHousing-financed multi-family properties the opportunity to restructure MaineHousing debt by modifying interest rates, extending loan terms, or both. Loan modifications generally lower debt service payments in return for extended project affordability.

		Multifamily Home Energy Loan Program
		This program provides low interest loans for multifamily housing improvements that increase energy efficiency and conservation of resources.