In turn, developers agree to rent and income restraints on some or all units. There were 574 units created under these programs in 1998. The low income benefit was preserved and extended 15 years on another 246 federally subsidized units by refinancing through the Preservation program. MSHA's Asset Management division oversees the management of these projects and the delivery of low income benefits to the tenants who live in them. The demand for subsidized housing in Maine far outstrips the supply of assisted units.
Most housing projects have waiting lists, and in some cases the waiting lists are lengthy.
Applications for subsidized housing are made through the individual development's owner or management agent. For application information for some subsidized housing see the list of MSHA management agents and local housing authorities . Click here for Asset Management Division Forms . Overview MSHA uses federal rent subsidies in a program that provides a voucher to very low income elderly, disabled, or families, who may use it in any private apartment in which the landlord agrees to participate in the program. MSHA's program provides affordable rental housing for about 3,500 tenants in the state.