Multi-family housing preserv and revital revitalization grant

The Department of Agriculture Rural Housing Service Multi Family Housing Program awarded $650,000 to Hancock County Homes Foundation (Meadowview Apartments division) on April 20, 2027, under the Rural Multi-Family Housing Revitalization Demonstration Program (CFDA 10.447), a Project Grant.

The award funds preservation and revitalization of existing rural rental housing financed by RHS under Section 515 and Sections 514/516 of the Housing Act of 1949. Work is performed in Maine, with a completion date of June 20, 2028. The program prioritizes projects demonstrating owner contribution sufficient to pay transaction costs, energy conservation and green property management, provision of tenant services by non-profit organizations at no cost to the project, consolidation of project operations, and sale to non-profit organizations or public housing authorities. Recipients must maintain quarterly or annual financial statements using agreed-upon procedures and performance standards under the RHS Multi-Family Housing Audit Program and retain business records.