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Maine to Receive $10,690,750 to Boost Affordable Housing Construction
WASHINGTON, DC - July 28, 2009 - (RealEstateRama) -- Today, Congressman Mike Michaud announced that Maine will receive $10,690,750 in funding for affordable housing. Funded through the American Recovery and Reinvestment Act (H.R. 1), U.S. Housing and Urban Development’s (HUD) new Tax Credit Assistance Program (TCAP) allows state housing finance agencies to resume funding of affordable rental housing projects across the nation while stimulating job creation in the hard-hit construction industry.
