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Press Inquires:   Scott Thistle, Communications Director   |   TelephoneIcon16  (207) 624-5799   |   EmailIcon16 Email Me 

Freedom of Information Act Requests:   Ashley Janotta, Chief Counsel |   TelephoneIcon16  (207) 626-4600   |   EmailIcon16  Email Me 


MaineHousing Press Releases


GOVERNOR'S OFFICE RELEASE: Governor LePage backs MaineHousing’s bonds to finance affordable rental housing projects

by Amanda Ouellette | Aug 20, 2013



For Immediate Release: August 20
Contact: Deborah Turcotte, MaineHousing Public Information Manager 
(207) 626-4617 or (cell) 242-1904
Peter Steele, Communications Director, Office of the Governor, 287-5086


 

AUGUSTA—Governor Paul R. LePage has notified the Maine State Housing Authority that he supports its efforts to boost Maine’s construction and affordable housing sectors through the issuance of moral obligation, tax-exempt private activity bonds.

With Governor LePage’s backing, MaineHousing will finance approximately $40 million in affordable rental housing projects in the coming months and could issue up to $120 million total in the next couple of years. Private investors like these bonds because of the economic stimulus they bring and the 4% tax credit they get in return for investing.

“This type of bond is one more economic stimulus tool the state has in its tool box to create jobs and improve Maine’s economy through private investment,” said Governor LePage. “Most importantly, it will fund the creation or renovation of affordable rental housing for income-eligible working individuals and their families.”

The Governor’s signature is required by law for these “moral obligation” bonds to be issued by MaineHousing. These bonds are not part of the bond package currently being negotiated by the Governor and the Maine Legislature. 

“MaineHousing is appreciative of Governor LePage’s support for our bonds,” said John Gallagher, MaineHousing director. “We’re ready to put them to work. We’ve notified developers and investors that the process is underway, and they’re just as anxious as we are to get started.”

Up to 35 businesses are employed at each housing job site, from plumbers and electricians to architects and landscapers.

MaineHousing’s bond rating is Aa1/AA+ by many of the top rating agencies.

 


 

The mission of MaineHousing is to assist Maine people to obtain and maintain decent, safe, affordable housing and services suitable to their unique housing needs. Please visit our Web site at www.mainehousing.org.

MaineHousing does not discriminate on the basis of race, color, religion, sex, sexual orientation, national origin, ancestry, age, physical or mental disability, or familial status in the admission or access to, or treatment or employment in, its programs, and activities. MaineHousing will provide appropriate communication auxiliary aids and services upon sufficient notice. MaineHousing will also provide this document in alternative formats upon sufficient notice. MaineHousing has designated the following person responsible for coordinating compliance with applicable federal and state nondiscrimination requirements and addressing grievances: Louise Patenaude, MaineHousing, 353 Water Street, Augusta, Maine 04330-4633, Telephone Number 1‑800‑452‑4668 (voice in state only),(207) 626‑4600 (voice), Maine Relay 711.

 

 



Archived Press Releases

GOVERNOR'S OFFICE RELEASE: Governor LePage backs MaineHousing’s bonds to finance affordable rental housing projects

by Amanda Ouellette | Aug 20, 2013



For Immediate Release: August 20
Contact: Deborah Turcotte, MaineHousing Public Information Manager 
(207) 626-4617 or (cell) 242-1904
Peter Steele, Communications Director, Office of the Governor, 287-5086


 

AUGUSTA—Governor Paul R. LePage has notified the Maine State Housing Authority that he supports its efforts to boost Maine’s construction and affordable housing sectors through the issuance of moral obligation, tax-exempt private activity bonds.

With Governor LePage’s backing, MaineHousing will finance approximately $40 million in affordable rental housing projects in the coming months and could issue up to $120 million total in the next couple of years. Private investors like these bonds because of the economic stimulus they bring and the 4% tax credit they get in return for investing.

“This type of bond is one more economic stimulus tool the state has in its tool box to create jobs and improve Maine’s economy through private investment,” said Governor LePage. “Most importantly, it will fund the creation or renovation of affordable rental housing for income-eligible working individuals and their families.”

The Governor’s signature is required by law for these “moral obligation” bonds to be issued by MaineHousing. These bonds are not part of the bond package currently being negotiated by the Governor and the Maine Legislature. 

“MaineHousing is appreciative of Governor LePage’s support for our bonds,” said John Gallagher, MaineHousing director. “We’re ready to put them to work. We’ve notified developers and investors that the process is underway, and they’re just as anxious as we are to get started.”

Up to 35 businesses are employed at each housing job site, from plumbers and electricians to architects and landscapers.

MaineHousing’s bond rating is Aa1/AA+ by many of the top rating agencies.

 


 

The mission of MaineHousing is to assist Maine people to obtain and maintain decent, safe, affordable housing and services suitable to their unique housing needs. Please visit our Web site at www.mainehousing.org.

MaineHousing does not discriminate on the basis of race, color, religion, sex, sexual orientation, national origin, ancestry, age, physical or mental disability, or familial status in the admission or access to, or treatment or employment in, its programs, and activities. MaineHousing will provide appropriate communication auxiliary aids and services upon sufficient notice. MaineHousing will also provide this document in alternative formats upon sufficient notice. MaineHousing has designated the following person responsible for coordinating compliance with applicable federal and state nondiscrimination requirements and addressing grievances: Louise Patenaude, MaineHousing, 353 Water Street, Augusta, Maine 04330-4633, Telephone Number 1‑800‑452‑4668 (voice in state only),(207) 626‑4600 (voice), Maine Relay 711.

 

 




 MaineHousing Newsletters


 
012021Newsletter January 2021 Newsletter
Release Date:January 29, 2021
  • Rent Relief coming soon, Furman Block development opening, Affordability Indexes, New Homeless Shelters and more! 
 


Archived Newsletters

112020NewsletterNovember 2020 Newsletter
Release Date: November 30th, 2020
  • Rent Relief Program extended, Community Solutions Grantees info, HUD 2021 Annual Action Plan public forum and hearing, Supportive & Affordable Housing workgroup and more! 
 
102020NewsletterOctober 2020 Newsletter
Release Date: October 30th, 2020
  • $500k for new homeowners, national recognition, and more! 
 
092020NewsletterSeptember 2020 Newsletter
Release Date: September 30th, 2020
  • COVID-19 Rent Relief Program winds down, Fair Market Rent comments, MaineHousing awarded ESG funding from the CARES Act, and more. 
 
082020NewsletterAugust 2020 Newsletter
Release Date: August 28th, 2020
  • Our lowest interest rate ever, COVID-19 Expanded Rent Relief Program launched, changing Maine's approach to homeless services and more. 
 
062020NewsletterJune 2020 Newsletter
Release Date: June 29th, 2020
  • The importance of home, additional HEAP funds received and more.
 
052020NewsletterMay 2020 Newsletter
Release Date: May 26th,  2020
  • We're moving next month.
 
042020NewsletterApril 2020 Newsletter
  • Release Date: April 17th, 2020
  • Over the last month, MaineHousing has shifted into high gear to respond to Mainers’ critical housing needs during the COVID-19 pandemic. We’re proud to serve Maine by supporting homeless shelters, funding temporary shelters across Maine, and helping Maine renters who are struggling to pay their landlords because of loss of income or other COVID-19 related problems. 
 
032020NewsletterMarch 2020 Newsletter
Release Date: March 24th, 2020
  • The health and safety of our employees, their families and friends, and our partners and colleagues is foremost in our minds as we all respond to the coronavirus (COVID-19) pandemic.e.
 
February 2020 Newsletter IconFebruary 2020 Newsletter
Release Date: February 27th, 2020
  • Census 2020, MaineHousing's Annual Accomplishments, New Landlord program, and more.
 
January 2020 Newsletter IconJanuary 2020 Newsletter
Release Date: January 27th, 2020
  • MaineHousing Announces Senior Housing Bond Awards, Annual Discretionary Funding Allocations awarded, Census 2020 and more.
 
December 2019 Newsletter IconDecember 2019 Newsletter
Release Date: December 20th, 2019
  • Low Income Tax Credits awarded, Perceptions of Housing in Maine report released, Building Family Futures Program moves from pilot to full time program status and more.
 
November 2019 Newsletter IconNovember 2019 Newsletter
Release Date: November 26th, 2019
  • MaineHousing receives two community partner awards, Heat Pump Program and Community Solutions Program launched, Maine designated an age friendly state and more.
 




  Post Purchase Newsletter



MaineHousing continues its relationships with First Home Loan customers after they've moved into their new homes by providing tips and advice through a newsletter. Our goal is to help them be successful homeowners!




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A newsletter for landlords with tenants who have Housing Choice Vouchers from MaineHousing.

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