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
Universal Citation: 99 ME Code Rules ยง 346-35-4
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.
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