Code of Maine Rules
99 - INDEPENDENT AGENCIES
346 - MAINE STATE HOUSING AUTHORITY
Chapter 35 - STATE LOW INCOME HOUSING TAX CREDIT RULE
Section 346-35-4 - Notice of Reservation of Credit

Current through 2024-38, September 18, 2024

a. MaineHousing will issue a notice of reservation of State Credit for Qualified Maine Projects as follows:

i. the notice of reservation will be issued at the same time as the Notice to Proceed described in the Qualification Allocation Plan;

ii. the notice of reservation will remain in effect as long as the Notice to Proceed remains in effect; and

iii. the notice of reservation may include State Credit to be allocated in future years.

b. MaineHousing will issue a notice of reservation of State Credit for Qualified Rural Development Preservation Projects after receipt of the following:

i. An approval of transfer issued by Rural Development Headquarters;

ii. Current appraisal and capital needs assessment in compliance with Rural Development requirements;

iii. Repair plan approved by Rural Development; and

iv. Any additional documents needed by MaineHousing to determine the amount of credit.

Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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