LD 202
pg. 2
Page 1 of 2 An Act To Make Certain Housing an Acceptable Use of Tax Increment Financing ... LD 202 Title Page
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LR 1065
Item 1

 
Sec. 4. 30-A MRSA §5225, sub-§1, ķE is enacted to read:

 
E.__Costs of developing affordable housing, independently
or as part of a business or public project, in
municipalities where the lack of affordable housing is a
barrier to economic development, the housing to be
developed meets the affordability index of the Maine State
Housing Authority and the director of the Maine State
Housing Authority certifies that the municipality is in
need of affordable housing.

 
SUMMARY

 
This bill permits affordable housing development costs
approved by the Maine State Housing Authority to be included
in municipal development district project costs for purposes
of tax increment financing.


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