130th MAINE LEGISLATURE
		LD 473		LR 1421(01)
	An Act To Create the Maine Rental Assistance and Voucher Guarantee Program
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Morales of South Portland
	Committee: Labor and Housing
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$8,500,000	$8,500,000	$8,500,000	$8,500,000
Appropriations/Allocations
	General Fund		$8,500,000	$8,500,000	$8,500,000	$8,500,000
Fiscal Detail and Notes
	This bill includes ongoing General Fund appropriations of $8,500,000 per year beginning in fiscal year 2021-22 to a newly created Maine Rental Assistance and Voucher Guarantee Program within the Maine State Housing Authority (MSHA) to both assist individuals with the cost of rent and to encourage landlords to work with the program and other rental assistance programs in the State.
	The Maine Rental Assistance and Voucher Guarantee Program will also require additional ongoing General Fund appropriations of $850,000 per year beginning in fiscal year 2021-22 for the initial startup and ongoing administrative costs for MSHA to administer the program.