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131st MAINE LEGISLATURE |
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LD 1540 |
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LR 1790(03) |
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An Act to Create
the Stable Home Fund Program |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Housing |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$15,000,000 |
$15,000,000 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$15,000,000 |
$15,000,000 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill includes
one-time General Fund appropriations of $15,000,000 per year in fiscal year
2023-24 and fiscal year 2024-25 to a newly established Stable Home Fund
within the Maine State Housing Authority for a 2-year pilot program designed
to provide support for eviction prevention.
The bill authorizes MSHA to delegate the administration of the pilot
program to a municipal housing authority, community action agency or other
qualified entity and limits the administrative costs that can be paid from
the fund to 5% or less of the distributions received from the fund. |
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