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ME LD690
Bill
AI Summary
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Authorizes $100,000,000 in general obligation bonds to fund Maine State Housing Authority programs, with bonds maturing within 10 years
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Allocates $35,000,000 to the rural affordable housing rental program and $35,000,000 to the low-income housing tax credit program
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Provides $15,000,000 for the affordable homeownership program and $15,000,000 for home accessibility and repair grants and loans
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Requires 20% of funding for the rural rental, low-income housing tax credit, and homeownership programs to support projects using modular construction
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Must be approved by voters in a statewide November referendum before taking effect
Legislative Description
An Act to Authorize a General Fund Bond Issue to Provide Funding for Affordable and Low-income Housing Programs
Bond Issues
Last Action
CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
6/25/2025