30-A M.R.S. §4804: Bonds; use of proceeds

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.