 | Program Summary |
Due to the popularity of this program, program dollars have all been committed and we are not accepting additional applications at this time.
MaineHousing’s Affordable Subdivision Program provides interest free, forgivable loans to developers to help fund the construction of affordable homes in new subdivisions. MaineHousing provides up to $15,000 per affordable home, with a maximum of $300,000 per subdivision. The affordable homes are reserved for families that are eligible for loans under MaineHousing’s First Home Program.
Program funds can be used for:
- Reimbursement of land acquisition costs
- Site development soft costs, including construction loan interest
- On-site infrastructure
Overhead, staffing, and other general operating costs are not eligible costs under the Affordable Subdivision Program.
In addition:
- A minimum of five single-family homes or condominiums in a subdivision must meet purchase price limits as follows:
- $190,000 for homes located in the Portland/South Portland HMFA (includes Cumberland, Sagadahoc, and York Counties)
- $160,000 for all other Counties
- Single and double wide mobile homes are not eligible.
- Homes must meet MaineHousing’s Green Building Standards.
| Am I Eligible? |
Private and nonprofit housing developers are eligible to apply. Developers must be in good standing and either have successful experience under a MaineHousing development program, or demonstrate sufficient experience in developing a subdivision.
The subdivisions must be located in areas where MaineHousing has identified a need for affordable housing.
Participants in the Affordable Subdivision Program may not access additional subsidy from MaineHousing for the same housing.
| How Do I Apply? |
Due to the popularity of this program, program dollars have all been committed and we are not accepting additional applications at this time.
For more information on eligibility and application requirements see the Affordable Subdivision Program Guide and Application or contact:
| Development Loan Officer |
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Email Me |
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(207) 624-5791 |
| | Program Resources
Additional Resources |