Community Development
City Building
Lewiston, ME 04240
(207) 513-3126
FAX: (207) 795-5071
 
Index

About our Housing Redevelopment Programs
The City of Lewiston’s Community Development Division offers housing assistance through its various loan programs. The goal of the these programs is to leverage private investment by:
  • The rehabilitation of residential buildings
  • The encouragement of investments which enhance the economic viability and appearance of the entire city
  • Stability and the neighborhood environment through owner occupancy
  • To provide homeownership assistance to low income families

Housing Rehabilitation Loan Programs will assist the following:

  • Multi-Unit investment properties

  • Owner Occupied properties of 1—4 units

  • Potential first time home buyers who need downpayment and/or closing cost assistance

  • Emergency repair loans

Housing Rehabilitation Programs include the following:

Download the more detailed

Housing Rehabilitation Program Brochure
 56KB Adobe Acrobat (PDF) File

Housing Rehabilitation Program Guidelines
 170KB Adobe Acrobat (PDF) File

Housing Rehabilitation Application
 64KB Adobe Acrobat (PDF) File

Adobe Acrobat Reader is needed to view these documents.

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Housing Rehabilitation Loan Program

Purpose: To provide for the rehabilitation of residential structures in accordance with the City’s building code standards and loan limits. Funds must be used to correct any code violation (s) as prescribed by the City's code enforcement officers.

Eligible Activity: Loans may be made for the rehabilitation of building exteriors, site amenities, upgrading of building interiors and mechanical systems, and structural repairs.

Applicant Eligibility: Properties located in target area qualify. If not within the target area, the owner or the tenants must be at or below 80% of median income.

Interest Rate/Term:

  • Owner Occupied properties 1% interest rate, 20 year max. term

  • Investor/Non-Owner Occupied properties 3% interest rate, 20 year max. term

Matching Funds: Must provide or secure a matching amount in part or total from a participating lending institution, owner and/or insurance company, or owner-equity in the following amounts:

75/25 Match for all applicants—Match can be in the form of a loan from another source or owner equity.

Maximum Loan:

  • $50,000 per single family owner- occupied house

  • $12,000 per 1-bedroom/congregate unit

  • $17,500 per 2-bedroom unit

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Emergency Loan Fund

Purpose: To provide immediate assistance to owner-occupied buildings (1-4 units) for emergency repairs.

Eligible Activity: Life safety issues as determined by the City's electrical, building and plumbing inspectors, water and sewer department and fire inspectors.

Applicant Eligibility: Applicant’s income must be at 115% or below the median income level.
(Applicants with income at 50% or below the median income may qualify for a deferred loan.)

Interest Rate/Term: 1% interest rate, 10 year maximum term

Matching Funds: None required

Maximum Loan: $5,000

Security: Promissory Note, Personal Guaranty and Junior Lien Mortgage if available.

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Home Ownership Assistance Loan Program

Purpose: To Provide financial assistance to homebuyers.

Eligible Activity: Down payment and closing costs assistance.

Applicant Eligibility: Income  must be at or below 80% of the median income for this area. First time homebuyers are those persons who have not owned a home within the last three years.

Interest Rate/Term: 1%/20 years

Maximum Loan: $3,000

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