Resolve, to Create a Pilot Program to Assist Nonprofit Housing Developers in Rehabilitating Existing Aging Housing Stock for First-time Home Buyers

This bill creates a pilot program through the Maine State Housing Authority to give grants to nonprofit housing developers. These grants, up to $80,000 per unit, will help rehabilitate 15 aging homes. The renovated homes will be sold to first-time home buyers who meet income requirements and agree to share profits with the developer if they sell the home within three years.

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