Code of Maine Rules
99 - INDEPENDENT AGENCIES
346 - MAINE STATE HOUSING AUTHORITY
Chapter 29 - MULTI-FAMILY MORTGAGE LOANS
Section 346-29-6 - Low-income and Use Restrictions

Universal Citation: 99 ME Code Rules ยง 346-29-6

Current through 2024-38, September 18, 2024

A. Low-income Restrictions. Developments shall benefit Low-income Persons as required by applicable laws, funding source restrictions, applicable Program Guides, and the Developer's commitments.

B. Use Restrictions. Developments may be required to serve a target population and provide supportive services as required by applicable laws, funding source restrictions, applicable Program Guides, and the Developer's representations.

C. Assurance of Continued Restrictions. The Developer shall provide any certifications, reports, or other assurances MaineHousing requires to ensure compliance with low-income restrictions and use restrictions, including without limitation, an agreement to be recorded in the appropriate registry of deeds which will obligate the Developer and its successors to comply with the restrictions for a period of time within the applicable Program Guide.

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