Maine § 30-A §4804 Bonds; use of proceeds

Maine Statutes

§ 30-A §4804 — Bonds; use of proceeds

Maine·Title 30-A MUNICIPALITIES AND COUNTIES·Part 2 MUNICIPALITIES·Ch. 201 HOUSING AUTHORITY

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.

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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.

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