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132nd MAINE LEGISLATURE |
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LD 1167 |
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LR 1529(01) |
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Resolve, to
Create a Pilot Program to Assist Nonprofit Housing Developers in
Rehabilitating Existing Aging Housing Stock for First-time Home Buyers |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. McCabe of Lewiston |
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Committee: Housing and Economic Development |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
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$1,200,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$1,200,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
includes a one-time General Fund appropriation of $1,200,000 in fiscal year
2025-26 to the Maine State Housing Authority (MSHA) create a pilot program
that provides grants to nonprofit housing developers to rehabilitate existing
aging housing stock for purchase by qualified first-time home buyers. Additional costs to MSHA to administer the
pilot program can be absorbed within existing budgeted resources. |
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