§4971. Purpose The State is experiencing severe shortages of affordable housing in various parts of the State. The affordable housing shortage is contributing to an ever-increasing class of working poor people and creating severe hardships for a significant number of Maine citizens. [PL 1989, c. 48, §§12, 31 (NEW).] The housing shortage problem may […]
§4972. Definition For the purpose of this subchapter, “low-income rental housing” means residential housing projects in which any of the units are subject to federal or state income eligibility restrictions and the rents within the projects are controlled, regulated or assisted by a federal or state agency pursuant to a regulatory or rental assistance agreement. […]
§4973. Notification of intent to sell Any person, firm or organization that has a controlling interest in any low-income rental housing may not sell, transfer title or take other action in regard to the property that would result in the termination of financial assistance designed to make a rental unit affordable to low-income or moderate-income […]
§4974. Purchase property; construct housing The Maine State Housing Authority or any municipal housing authority may purchase or acquire property to preserve or provide affordable housing to moderate-income and low-income people and provide for the management and maintenance of this property. [PL 1989, c. 48, §§12, 31 (NEW).] 1. Construction. The Maine State Housing […]
§4975. Provide financing The Maine State Housing Authority or any municipal housing authority may provide low interest or no interest financing to any person who agrees to construct, reconstruct, rehabilitate or purchase property to provide housing for moderate-income and low-income households. [PL 1989, c. 48, §§12, 31 (NEW).] SECTION HISTORY PL 1989, c. 48, […]
§4976. Conversion of property Any owner or purchaser of low-income rental housing who sells, transfers title or takes other action in regard to that property that would result in the termination of financial assistance designed to make a rental unit affordable to low-income or moderate-income people shall allow the current tenants to remain in the […]
§4977. Rules The Maine State Housing Authority may adopt rules in accordance with the Maine Administrative Procedure Act, Title 5, chapter 375, to implement this subchapter. [PL 1989, c. 48, §§12, 31 (NEW).] SECTION HISTORY PL 1989, c. 48, §§12,31 (NEW).
§4978. Penalty Any person who fails to give notice as provided in this subchapter commits a civil violation for which a penalty of not less than $2,500 may be adjudged. [PL 1989, c. 48, §§12, 31 (NEW).] SECTION HISTORY PL 1989, c. 48, §§12,31 (NEW).
§4979. Repeal (REPEALED) SECTION HISTORY PL 1989, c. 48, §§12,31 (NEW). PL 1989, c. 380 (RP).
