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Me. Rev. Stat. tit. 30-A, § 4804

Bonds; use of proceeds

Known as the Maine Housing Authorities Act

The act spans §§ 4701–4994 (109 sections).

PL 1987, c. 737, §§A2,C106 (NEW)

Institutional loans made and rules established under this subchapter shall be designed to:

1. Expand mortgage funds. Expand the supply of funds available in the State for residential mortgage loans;

2. Improve housing for low-income persons. Provide funds to alleviate the shortage of decent, safe and sanitary living accommodations in the State for persons of low income; and

3. Improve energy conservation. In the case of rehabilitated housing units or housing projects, improve and promote conservation of energy resources or otherwise improve the quality of existing housing.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.