Low-Income Housing Tax Credits & Rural Housing in Maine, 2018

In their 2018 Qualified Allocation Plan (QAP), rural preservation projects are noted as being appropriate for 9% credits and the associated preservation set aside, while non-rural projects are encourage to make use of 4% credits.

Preservation Set-aside of up to $300,000 of the annual State Ceiling will be set aside for the preservation and rehabilitation of existing multifamily rental housing with 5 or more units that meets the minimum rehabilitation requirements set forth in Section 5.C.2. and one of the following:

(i) at least 25% of its units are assisted under a Rural Development program, or

(ii) it has a Related Development of existing multifamily rental housing with 5 or more units and at least 25% of the units assisted under a Rural Development program, or

(iii) at least 25% of its units will be assisted under HUD’s Rental Assistance Demonstration (RAD) Program. Demolition and reconstruction of housing on the same site or another site will be treated as new construction and is not eligible for this set-aside.

Housing Need - Up to 5 points

Points are based on the need for the type of housing in the area where it is located as follows.

Non-Senior Housing Projects located in the following Service Center Communities:

Auburn Brunswick Rumford Augusta Caribou Sanford Bangor Ellsworth Skowhegan Bath Lewiston South Portland Biddeford Old Orchard Beach Waterville Brewer Portland Westbrook - 5 points

Bar Harbor Houlton Rockland Belfast Kittery Saco Calais Madawaska Scarborough Falmouth Mexico Topsham Farmington Orono Windham Gardiner Presque Isle - 3 points

Bridgton Hermon Rockport Camden Lincoln Thomaston Dover-Foxcroft Millinocket Wiscasset Fort Kent Newport Greenville Norway - 1 point

Projects located on Native American tribal lands will be awarded 5 points.

Contributed By: 
National Housing Trust

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