Establishes the Vacant School Housing Conversion Program to assist municipalities in converting vacant school buildings into residential housing.
This bill establishes the Vacant School Housing Conversion Program within the Maine Redevelopment Land Bank Authority. The program provides technical and financial assistance to municipalities seeking to convert vacant school buildings into residential housing, including affordable housing units. The bill also establishes the Maine School Conversion Fund, which receives an annual appropriation of $5 million to support these conversions.
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