MaineHousing
MaineHousing is Maine's state housing finance agency, established in 1969, administering affordable mortgage financing, rental assistance, energy aid, home repair grants, and homelessness prevention programs across the state through a network of 50+ lenders and partner agencies.
- Company typePublic
- Founded1969
- HeadquartersAugusta, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What MaineHousing does
MaineHousing, formally the Maine State Housing Authority, is a public state agency created by the Maine Legislature in 1969 to make housing more affordable for Maine residents. Headquartered at 26 Edison Drive, Augusta, the agency administers a comprehensive platform of housing and energy programs serving the entire state through partnerships with 50+ approved lenders, 15 Community Action partner agencies, and multiple Public Housing Authorities. Its core offerings span the full housing lifecycle: mortgage financing programs (First Home Loan, First Generation, SaluteME for veterans), rental assistance (Housing Choice Vouchers, subsidized housing), home repair and accessibility grants (Home Accessibility and Repair, Weatherization, Central Heating Improvement, Lead Paint Remediation), energy assistance (HEAP fuel assistance, LIAP electric bill credits, Heat Pump Program supporting Maine's 100,000 heat pump goal), and homelessness prevention initiatives.
The agency's underlying operational architecture combines mortgage revenue bond financing (bonds currently rated AA+), federal Low Income Housing Tax Credit allocation through a Qualified Allocation Plan, and pass-through administration of federal housing programs. It operates standard government housing finance technology — mortgage revenue bond issuance systems, HUD-compliant property management, and program administration platforms — without disclosed proprietary technology. Recent capital deployment includes a $12 million homelessness housing award (92 units across Bangor, South Portland, Portland), an $11 million senior housing project in Rumford, and a $9.5 million senior housing development in Farmington financed through a $3.9 million 4% LIHTC equity allocation partnered with WNC & Associates.
MaineHousing's business model is structurally that of a public housing finance authority rather than a commercial enterprise: it generates revenue through mortgage portfolio net interest income, federal program pass-through funding (HUD, DOE/LIHEAP), bond issuance proceeds, and limited administrative fees, while distributing services through approved counterparties. Pricing is need-based with income eligibility requirements — most programs are grants, below-market rate loans, or pass-through rental assistance rather than commercially priced products. The agency's counterparty ecosystem spans nonprofit developers (Avesta, Developers Collaborative), financial partners (NBT Bank, CREA LLC, WNC & Associates), the only in-state modular manufacturer (KBS Builders), and a statewide network of public and nonprofit delivery partners, with the agency serving as the central financing and coordination node for affordable housing in Maine.
MaineHousing firmographics
Firmographics- Name
- MaineHousing
- Legal name
- MaineHousing
- Website
- https://mainehousing.org
- Company type
- Public
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MaineHousing is Maine's state housing finance agency, established in 1969, administering affordable mortgage financing, rental assistance, energy aid, home repair grants, and homelessness prevention programs across the state through a network of 50+ lenders and partner agencies.
- Ownership category
- akta.pro rank
MaineHousing industry classification
Industry- Product category
- Public Affordable Housing Finance
- NAICS
- Administration of Housing Programs (925110), Other Community Housing Services (624229), Community Housing Services (62422)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- National Housing Finance Agencies & Ministries (FSALAKAB)
- akta.pro secondary industries
- Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Housing Voucher & Rental Assistance Programs (Tenant-Based/Project-Based) (FSALAKAI), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Housing Counseling, Foreclosure Prevention & Loss Mitigation Programs (FSALAKAM)
Keywords
Where MaineHousing is headquartered
LocationHeadquarters
- HQ city
- Augusta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MaineHousing business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others
Revenue model
- Mortgage Revenue Bond Financing: MaineHousing finances mortgages through the sale of mortgage revenue bonds to investors. Revenues from the mortgages are used to pay off the bonds. MaineHousing revenue bonds are currently rated AA+ and are a debt of MaineHousing, not the State of Maine. This allows below-market interest rates on mortgages.
- Low Income Housing Tax Credit (LIHTC) Administration: MaineHousing allocates Low Income Housing Tax Credits to developers for the creation of affordable rental housing. The agency administers the Qualified Allocation Plan (QAP) and monitors compliance of LIHTC properties.
- Section 8 Housing Assistance Payments: MaineHousing administers Section 8 rental assistance programs, making housing assistance payments to landlords on behalf of eligible tenants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | HEAP heating assistance benefits vary by household size and income |
| Subscription | Monthly | Housing Choice Voucher rental assistance with landlord incentives |
| Subscription | Monthly | First Home Loan Program with below-market interest rates |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
MaineHousing product offering
Product offeringCore offering
MaineHousing is Maine's state housing finance agency that provides below-market mortgage loans to first-time homebuyers, administers federal and state rental assistance programs (including Housing Choice Vouchers), funds home repair and weatherization grants for low-income homeowners, delivers heating and electricity bill assistance through HEAP and LIAP, and allocates Low Income Housing Tax Credits to developers of affordable rental housing. The agency finances its mortgage programs primarily through the issuance of AA+ rated mortgage revenue bonds.
Product overview
MaineHousing is Maine's state housing finance agency offering a comprehensive platform of housing and energy-related programs. The core offering consists of mortgage financing programs (First Home Loan Program, First Generation Program, SaluteME) for homebuyers, paired with homeowner assistance programs (Home Accessibility and Repair, Weatherization, Central Heating Improvement, Lead Paint Remediation, Community Aging in Place). Energy programs include HEAP fuel assistance, LIAP electric assistance, and the Heat Pump Program supporting Maine's 100,000 heat pump goal. Rental programs encompass Housing Choice Vouchers and subsidized housing, while development programs support multifamily construction through LIHTC and construction services. The portfolio also includes specialized programs for homelessness prevention, disaster assistance, and landlord participation incentives. The platform is designed to serve low-to-moderate income Maine residents across all housing lifecycle stages.
Differentiator
Problem solved
Functional benefit
Products and services
- First Home Loan Program Low fixed interest rate mortgage program for first-time homebuyers in Maine, offering low or no down payment options and down payment/closing cost assistance through a statewide network of participating approved lenders.
- SaluteME & Salute Home Again
Quantifiable outcome
- 983 households purchased their first home through MaineHousing lender partnerships
- +3 more outcomes
Companies that use MaineHousing
Customer profileNamed customers3 records
Segments8 records
Ideal customer profiles5 records
MaineHousing technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MaineHousing partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Maine Association of Public Housing Directors (MAPHD)coreStatewide association representing Public Housing Authorities in Maine. Partnered with MaineHousing to encourage landlords across the state to participate in the Housing Choice Voucher program through the Landlord Participation Incentive Program.
- Bath Housing AuthoritycoreBath Housing Authority's Comfortably Home program modeled the Community Aging in Place Grant Program. Bath Housing serves Sagadahoc County and Brunswick area with aging in place services.
- Community Action Agencies (CAAs)coreNetwork of 10 Community Action Agencies administering MaineHousing programs including HEAP, LIAP, weatherization, CHIP, and home repair programs across all Maine counties. Includes agencies like Community Action in Aroostook, Washington, and Hancock Counties; Community Concepts Inc; Kennebec Valley CAP; and others.
- National Alliance to End HomelessnessminorNational nonprofit organization working to prevent and end homelessness. MaineHousing provides informational links to their resources for homeless service providers.
- Corporation for Supportive Housing (CSH)minorNational organization focused on supportive housing. MaineHousing provides informational links to CSH resources for homeless service providers.
- Enterprise Community PartnersminorNational affordable housing organization. MaineHousing provides informational links to their resources for homeless service providers.
- Maine Department of Economic and Community DevelopmentcoreState agency partner in the $11 million affordable senior housing project in Rumford, Maine. Part of public-private partnership with MaineHousing, CREA LLC, and NBT Bank.
- KBS BuilderscoreSouth Paris modular factory capable of producing 400 units per year. The only in-state modular factory in Maine. MaineHousing budgeted nearly $900,000 to help keep modular housing projects on track amid regulatory issues affecting this manufacturer.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
MaineHousing competitors and assessment
Company assessmentDirect peers
- New Hampshire Housing: New Hampshire's state housing finance agency, structurally identical to MaineHousing in mission, statutory authority, mortgage revenue bond financing, LIHTC administration, and Housing Choice Voucher program delivery. Most directly comparable peer given neighboring New England geography and similar program portfolio.
- Vermont Housing Finance Agency (VHFA): Vermont's state housing finance agency offering below-market first home mortgages, LIHTC allocations, and rental assistance. Comparable small-state HFA with overlapping mission and similar program mix to MaineHousing.
- MassHousing (Massachusetts Housing Finance Agency): Massachusetts' state housing finance agency providing mortgage financing, rental assistance, and affordable housing development programs. Direct peer in role and function, operating at larger scale within a more populous New England state.
- Connecticut Housing Finance Authority (CHFA): Connecticut's state housing finance authority offering below-market mortgages, LIHTC, and multifamily development financing. Closely comparable in statutory mission, bond-financed mortgage programs, and affordable housing administration.
- Rhode Island Housing: Rhode Island's state housing finance agency administering mortgages, LIHTC, rental assistance, and homelessness prevention. Comparable small-state New England HFA with similar statutory structure.
Broad incumbents
- New York State Homes and Community Renewal (HCR): New York's statewide housing finance and development agency administering LIHTC, mortgage programs, and affordable housing development at much larger scale. Comparable mission but broader geographic scope and significantly larger program budgets.
- California Housing Finance Agency (CalHFA): California's state housing finance agency offering below-market first mortgages, LIHTC, and multifamily development programs. Comparable core mission, operating at substantially larger scale in a high-cost housing market.
- Florida Housing Finance Corporation: Florida's state housing finance corporation administering affordable housing programs including LIHTC, HOME funds, and rental assistance. Comparable statutory role, though operating in a much larger and demographically different state.
- Pennsylvania Housing Finance Agency (PHFA): Pennsylvania's state housing finance agency offering HFA mortgage loans, LIHTC allocation, rental assistance, and development financing. Comparable mission and program mix, operating at significantly larger scale.
Others
- WNC & Associates: California-based affordable housing tax credit investor that partnered with MaineHousing on the $9.5M Avesta Farmington senior project via $3.9M LIHTC equity. Comparable as a key counterparty in the LIHTC ecosystem in which MaineHousing operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MaineHousing social profiles
Digital presenceMaineHousing financial estimates
Financial estimateRevenue estimate
Valuation estimate
MaineHousing leadership team
Management profileNumber of profiles
MaineHousing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MaineHousing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MaineHousing
What does MaineHousing do?
MaineHousing is Maine's state housing finance agency that provides below-market mortgage loans to first-time homebuyers, administers federal and state rental assistance programs (including Housing Choice Vouchers), funds home repair and weatherization grants for low-income homeowners, delivers heating and electricity bill assistance through HEAP and LIAP, and allocates Low Income Housing Tax Credits to developers of affordable rental housing. The agency finances its mortgage programs primarily through the issuance of AA+ rated mortgage revenue bonds.
Is MaineHousing a public or private company?
MaineHousing is a public company. It is classified as state government owned and is currently operating.
When was MaineHousing founded?
MaineHousing was founded in 1969. It employs 51 to 100 people.
Where is MaineHousing based?
MaineHousing is headquartered in Augusta, United States, in the North America region.
How does MaineHousing make money?
Three revenue lines are on record. Mortgage Revenue Bond Financing is the primary driver. The others are low Income Housing Tax Credit (LIHTC) Administration and section 8 Housing Assistance Payments.
Who are MaineHousing's main competitors?
Direct peers on record are New Hampshire Housing, Vermont Housing Finance Agency (VHFA), MassHousing (Massachusetts Housing Finance Agency), Connecticut Housing Finance Authority (CHFA) and Rhode Island Housing. Broad incumbents are New York State Homes and Community Renewal (HCR), California Housing Finance Agency (CalHFA), Florida Housing Finance Corporation and Pennsylvania Housing Finance Agency (PHFA). WNC & Associates is listed as an others.
Does MaineHousing have an API?
No public API is recorded for MaineHousing.
What industry is MaineHousing in?
MaineHousing's product category is Public Affordable Housing Finance. Its primary akta.pro industry code is FSALAKAB, National Housing Finance Agencies & Ministries, with a secondary code of FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans). Its NAICS code is 925110 and its SIC code is 6162.