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MEMA Home > Programs> Communication> News > MaineHousing can help repair, replace homes affected by Patriot’s Day storm

MaineHousing can help repair, replace homes affected by Patriot’s Day storm


June 8, 2007


Low-interest rate loans available

Maine offers low interest rate loans to help people whose homes were damaged or destroyed by the Patriot’s Day storm, MaineHousing Director Dale McCormick reminded Maine homeowners today.

“Homeowners who live in one of the counties declared federal disaster areas and whose homes need repair or replacement because of the storm’s damage should check with MaineHousing or one of our participating lenders to see if they qualify for one of our low-cost disaster relief loans,” McCormick said.

The federal government has declared the counties of Androscoggin, Cumberland, Franklin, Hancock, Kennebec, Knox, Lincoln, Oxford, Sagadahoc, Somerset, Waldo, Washington, and York as disaster areas.

McCormick noted that federal disaster assistance is approved only for publicly owned property in some of the counties that have been declared disaster areas, but MaineHousing loans are available through participating lenders for private home repair or replacement in all of them.

MaineHousing offers repair loans of up to $20,000 at a 3 percent interest rate. Homeowners have 16 years to repay, with no payments or interest due during the first year. Homeowners with incomes up to $78,000 are eligible. Eligible homes include single-family homes, condominiums, homes of four units or less if the owner lives in one of the units, and mobile homes.

“Homeowners interested in applying for a repair loan need to have a photograph of the damage, a written repair estimate from a qualified contractor, and a copy of the contract between the homeowner and contractor,” McCormick noted. “In some cases we can make repair loans for work already completed, but the homeowner must show that repairs were necessary for health and safety reasons.”

Borrowers who use a MaineHousing loan to repair damage and later receive insurance or federal disaster payments for the same damage may need to apply that money to payments on the MaineHousing loan.

People who need to replace homes that were damaged beyond repair by the storm are eligible for a low-interest rate MaineHousing home mortgage. Eligibility requirements are the same as in MaineHousing’s first-time homebuyer program, except there is no first-time homebuyer requirement. For a list of the lenders who participate in this program, and income and home price limits, see the MaineHousing web site at

Lenders participating in the disaster home repair program and the counties they serve are listed below. Kennebec and Oxford County residents should contact MaineHousing for a lender.

Lenders and counties served include:

  • Camden National Bank
    Serving Androscoggin, Franklin, Hancock, Knox, Lincoln, Somerset, Waldo, York Counties
  • Bath Savings Institution
    Serving Cumberland, Lincoln, Sagadahoc Counties
  • Gorham Savings Bank
    Serving Cumberland, York counties
  • The First
    Serving Hancock, Knox, Lincoln, Washington Counties
  • Kennebunk Savings Bank
    Serving York, Cumberland Counties

The mission of the Maine State Housing Authority is to assist Maine people to obtain and maintain decent, safe, affordable housing and services suitable to their unique housing needs. Visit the MSHA Web site at



Maine State Housing Authority


Last update: 07/20/10