| | As used in this subchapter, unless the context otherwise | indicates, the following terms have the following meanings. |
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| | 1.__Affordable housing.__"Affordable housing" means a decent, | safe and sanitary dwelling, apartment or other living | accommodation for a household whose income does not exceed 120% | of the median income for the area as defined by the United States | Department of Housing and Urban Development under the United | States Housing Act of 1937, Public Law 412, 50 Stat. 888, Section | 8, as amended. |
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| | 2.__Affordable housing development district.__"Affordable | housing development district" or "district" means a specified | area within the corporate limits of a municipality that has been | designated as provided under sections 5247 and 5250 to be | developed under an affordable housing development program and | financed under section 5250-A. |
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| | 3.__Affordable housing development program.__"Affordable | housing development program" or "program" means a statement of | means and objectives designed to encourage the development and | maintenance of affordable housing within an affordable housing | development district. |
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| | 4.__Amenities.__"Amenities" means items of street furniture, | signs and landscaping, including, but not limited to, plantings, | benches, trash receptacles, street signs, sidewalks and | pedestrian malls. |
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| | 5.__Authority.__"Authority" means the Maine State Housing | Authority. |
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| | 6.__Captured assessed value.__"Captured assessed value" means | the amount, as a percentage or stated sum, of increased assessed | value that is utilized from year to year to finance the project | costs contained within the affordable housing development | program. |
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| | 7.__Current assessed value.__"Current assessed value" means | the assessed value of the district certified by the municipal | assessor as of April 1st of each year that the affordable housing | development district remains in effect. |
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| | 8.__Director.__"Director" means the Director of the Maine | State Housing Authority. |
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| | 9.__Financial plan.__"Financial plan" means a statement of the | project costs and sources of revenue required to accomplish the | affordable housing development program. |
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