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132nd MAINE LEGISLATURE |
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LD 1167 |
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LR 1529(02) |
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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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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Housing and Economic Development |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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 and to provide
relocation services to tenants who must vacate a unit being rehabilitated
under the program. Additional costs to
MSHA to administer the pilot program can be absorbed within existing budgeted
resources. |
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