LD 1165
pg. 2
Page 1 of 14 PUBLIC Law Chapter 644 Page 3 of 14
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LR 1927
Item 1

 
Sec. 2. 30-A MRSA §4722, sub-§1, ¶Z, as enacted by PL 2005, c. 261, §3, is
amended to read:

 
Z. Condition approval of funding of a housing project upon
an applicant's compliance with municipal health, safety and
sanitation standards. The Maine State Housing Authority may
condition approval of funding for a housing project upon a
municipality's representation that the applicant, an
affiliate of the applicant or any owner controlled by the
applicant has no record of a material municipal code
violation of health, safety or sanitation standards.; and

 
Sec. 3. 30-A MRSA §4722, sub-§1, ¶AA is enacted to read:

 
AA.__Certify transfers of multifamily affordable housing
property that qualify for the deduction under Title 36,
section 5122, subsection 2, paragraph W or Title 36, section
5200-A, subsection 2, paragraph Q.__The affordability
restrictions that apply under this paragraph must be
contained in a declaration signed by the transferee and
recorded in the appropriate registry of deeds at the time of
the sale or transfer.

 
(1)__For the purposes of this paragraph, "multifamily
affordable housing property" means a decent, safe and
sanitary dwelling, apartment building or other living
accommodation that includes at least 6 units, that
meets at least one of the following affordability
restrictions and for which those affordability
restrictions, as applicable, expire in 10 years or less
from the date of the sale or transfer of the property:

 
(a)__At least 20% of the units have restricted
rents affordable to households earning no more
than 80% of the area median income as determined
by the United States Department of Housing and
Urban Development;

 
(b)__The property is assisted by the United States
Department of Housing and Urban Development, the
United States Department of Agriculture or the
Maine State Housing Authority; or

 
(c)__The property qualifies for low-income housing
credits under the United States Internal Revenue
Code of 1986, Section 42.

 
(2)__For the purposes of this paragraph, property does not
qualify as multifamily affordable housing property


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