Clarifies municipal affordable housing tax increment financing rules in Maine.
This bill amends Maine's laws on municipal affordable housing development districts. It modifies the duration of affordable housing development programs, specifies costs related to public safety improvements, and outlines the retention or return of tax increment revenues when a development district ends. It also allows municipal legislative bodies to delegate annual reporting requirements to municipal officers.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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