December 17, 2017
News Latest News | Poll Questions | Net Neutrality | Robert Burton | Opioid Epidemic

Maine Housing bonds go on sale

The Associated Press

PORTLAND, Maine — The Maine State Housing Authority is selling $20 million to $30 million worth of tax-exempt revenue bonds to help first-time home buyers.

Maine Housing Director Dale McCormick said the bonds, which went on sale Friday, offer a way to make a secure investment and fund low-income housing at the same time. The bonds carry an interest rate of 5 percent, and they’re exempt from state and federal income taxes, as well as the alternative minimum tax.

The housing authority normally sells to a network of Maine brokers and institutions. This time, anyone can buy them through a bank that does business with Maine Housing.


Have feedback? Want to know more? Send us ideas for follow-up stories.

You may also like