Code of Maine Rules
99 - INDEPENDENT AGENCIES
346 - MAINE STATE HOUSING AUTHORITY
Chapter 34 - PRESERVATION AND RELOCATION RULE
- Section 346-34-1 - Definitions
- Section 346-34-2 - Applicability
- Section 346-34-3 - Notice
- Section 346-34-4 - Update of Notice
- Section 346-34-5 - Right of First Refusal
- Section 346-34-6 - Extension of Right of First Refusal
- Section 346-34-7 - Current Appraised Value
- Section 346-34-8 - Termination of Right of First Refusal
- Section 346-34-9 - Six Month Stay or Relocation for Tenants
- Section 346-34-10 - Rule Limitations
Current through 2024-38, September 18, 2024
Summary: Under Maine law, an owner of a Low-income Rental Housing Project may not take an action that would cause rental assistance or affordability restrictions in connection with the project to terminate without first giving a 90 day Notice to the Tenants, Maine Housing, and any municipal housing authority for the municipality in which the property is located. Maine Housing has a right of first refusal to purchase the project at its Current Appraised Value. The owner and any purchaser of the Low-income Rental Housing Project must ensure that the current Tenants are allowed to either remain in their units at the same rent for 6 months following the loss of rental assistance or affordability restrictions, or receive relocation assistance.
This rule does the following:
(1) outlines the requirements for the Notices to the Tenants and to Maine Housing,
(2) sets forth a process for determining the Current Appraised Value of the Low-income Rental Housing Project, and
(3) establishes the terms of relocation assistance that must be provided if the owner opts to provide relocation assistance rather than allow Tenants to stay in their units at the same rent for 6 months following the loss of rental assistance or affordability restrictions.
STATUTORY AUTHORITY: 30-A M.R.S.A. §4741.1, § 4973 , §4976.1 and § 4977
