An initial $10 million to support at least 150 new homes for Maine workers and families is now available through MaineHousing, with additional $40 million available later this year.
Governor Janet Mills announced today, Jan. 26, a $50 million investment from her Maine Jobs & Recovery Plan to build more housing and help more Maine people families find a safe, affordable place to call home.
Rising housing prices have impacted the affordability of homebuying and renting in Maine, which has hampered the efforts of communities to attract and retain families and of employers seeking workers to fill critical local jobs.
Funding for this initiative is through the Federal American Rescue Plan Act dedicated through Governors’ Maine Jobs & Recovery Plan. An initial $10 million is now available through MaineHousing, which is estimated to support at least 150 new affordable single-family homes. The additional $40 million for housing will become available later this year, when the second part of federal ARPA funds become available.