ME LD1170

Transfers responsibility for state-owned surplus land from the Maine State Housing Authority to the Maine Redevelopment Land Bank Authority

Requires annual inventory of all land owned by state agencies and semiautonomous state agencies, with the inventory sent to the Land Bank Authority and the Legislature's economic development committee

Grants the Maine Redevelopment Land Bank Authority first option to purchase or acquire any state-owned surplus land and structures before properties can be offered to other buyers

Allows the Land Bank Authority to provide surplus state property below market value to entities that agree to construct or rehabilitate affordable housing for low-income and moderate-income households

Requires the Land Bank Authority to offer first purchase option to local municipal housing authorities when surplus land is located in communities served by such authorities, with a 45-day response window