Authorizes a $10,000,000 bond issue for workforce housing and raises income eligibility limits for homebuyers.
This bill authorizes the issuance of $10,000,000 in bonds to fund workforce housing in Maine's opportunity zones. The Maine State Housing Authority will use these funds to finance housing projects. Additionally, the bill mandates the Maine State Housing Authority to increase the income eligibility limit for homebuyers in the Affordable Homeownership Program from 120% to 150% of the area median income in counties outside of Cumberland, Sagadahoc, and York. The bill also allows the authority to require leveraged funds for certain projects.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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