Authorizes a $300 million bond issue to fund affordable housing, child care partnerships, and public water and sewer expansion.
The bill authorizes the issuance of $300 million in bonds to support affordable housing initiatives, including the State's tax credit for affordable housing, the Maine State Housing Authority's rural affordable housing rental program, and the first-time homebuyer program. It also funds child care-public school partnerships and child care-private industry partnerships, both requiring a 100% match, and expands residential public water and sewer systems with a 50% local match requirement. The bond proceeds must be ratified by a statewide election.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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