Chapter 27 - TRANSFERS OF OWNERSHIP INTERESTS
- § 346-27-1 - Definitions
- § 346-27-2 - Background
- § 346-27-3 - Application for Ownership Transfer
- § 346-27-4 - Criteria for Consent to an Application for Transfer
- § 346-27-5 - Terms of MaineHousing Consent to a Transfer Request
- § 346-27-6 - Waiver
Summary: This rule sets forth the requirements and procedures for obtaining the consent of MaineHousing to changes of ownership interests in multifamily and supportive housing projects that have funding or an allocation of tax credits from MaineHousing. The rule applies to the transfer of a project to a new owner along with the assumption by the new owner of the existing MaineHousing obligations. The rule also applies to the transfer of a direct or indirect ownership interest in a business entity that continues to own the project. This rule does not address criteria for modifying the term or amount of any MaineHousing obligation in connection with a proposed change of ownership interest.
Notes
April 2, 1997 - filing 97-102
REPEAL AND REPLACE:
March 24, 2014 - filing 2014-047
STATUTORY AUTHORITY: 30-A M.R.S.A. § 4741.1 .
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.