This bill amends the laws governing Maine State Housing Authority construction loans to allow the authority to make loans to privately owned or cooperative-owned manufactured housing communities and mobile home parks for the rehabilitation or development of additional home sites. It also allows the authority to make a whole construction loan without using an escrow agent if a housing construction project's financing requires the authority to issue tax-exempt bonds to generate automatic federal low-income housing tax credits.

Statutes affected:
Bill Text LD 2057, SP 844: 30-A.4832