An Act to Support the Development of Workforce Housing to Promote Economic Development in Maine
Maine Legislature, Session 131, LD 2169
Committee Amendment CA_A_S601 (Senate)

COMMITTEE AMENDMENT " {\ " to S.P. 920, L.D. 2169, "An Act to Support the
Development of Workforce Housing to Promote Economic Development in Maine"
Amend the bill by striking out the title and substituting the following:
'Resolve, Directing the Office of Policy Innovation and the Future to Recommend
Proposals to Support the Development of Attainable Housing'
Amend the bill by striking out everything after the title and inserting the following:
'See. 1. Office of Policy Innovation and the Future to develop
recommendations. Resolved: That the Director of the Office of Policy Innovation and
the Future, referred to in this resolve as "the director," shall develop recommendations for
potential programs designed to assist housing developers with financing housing for
persons with a household income of more than 80% of the area median income where they
reside. For the purposes of this resolve, "area median income" means the median income
for an area as detennined by the United States Department of Housing and Urban
Development.
Sec. 2. Office of Policy Innovation and the Future to seek input in
development of recommendations. Resolved: That the director, or the director's
designee, shall seek input from the Maine State Housing Authority, the Maine State
Chamber of Commerce, a person with experience in commercial real estate, an
organization that assists developers with financing affordable housing projects and housing
developers with experience using the programs administered by the Maine State Housing
Authority to build rental housing for persons with a household income of less than 80% of
the area median income, In developing recommendations for potential programs, at a
minimum, the following must be considered;
1. Options for a program that supports the development of rental housing targeted at
persons with a household income of 80% to 150% of the area median income where the
rental housing would be located;
COMMITTEE AMENDMENT
ROS
COMMITTEE AMENDMENT " Q. " to S.P. 920, L.D. 2169
2. Options for a program that supports homeownership by persons with a household
income of 120% to 180% of the area median income where the home is located;
3. The feasibility of programs described in subsections 1 and 2 and the regions of the
State where such programs would address a quantifiable need for housing for persons in
those income ranges and would also be attractive to developers of rental housing and
potential homeowners;
4. Program elements that encourage or require a public-private partnership or some
financial investments from businesses in the target communities, municipalities and
philanthropic organizations; and
5. The long-term benefits of the programs as informed by an assessment of how the
programs would contribute to addressing the State's housing production needs generally
and the shortage of housing available to persons with household incomes from 80% to
150% of the area median income.
Sec. 3. Office of Policy Innovation and the Future to submit report.
Resolved: That, no later than January 15, 2025, the director shall submit a report to the
joint standing or joint select committee of the Legislature having jurisdiction over housing
matters. The committee that receives the report is authorized to report out legislation based
on the recommendations in the report to the 132nd Legislature in 2025.'
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section
number to read consecutively.
SUMMARY
This amendment replaces the bill with a resolve directing the Director of the Office of
Policy Innovation and the Future to develop proposals for potential financial assistance
programs to support the development of rental housing for persons making 80% to 150%
of the area median income and programs to support homeownership by persons making
120% to 180% of the area median income. The office is required to seek input from entities
familiar with programs that assist with the development of affordable housing as well as
commercial real estate developers, the Maine State Chamber of Commerce and the Maine
State Housing Authority.
FISCAL NOTE REQUIRED
(See attached)
COMMITTEE AMENDMENT
Approved: 03/14/24 ftWsd-
LD 2169 LR 2752(02)
An Act to Support the Development of Workforce Housing to Promote Economic Development in
Maine
Fiscal Note for Bill as Amended by Committee Amendment "/?(
Committee: Housing
Fiscal Note Required: Yes
Fiscal Note
Minor cost increase - General Fund
Fiscal Detail and Notes
Any additional costs to the Governor's Office of Policy Innovation and the Future to develop recommendations to
support the development of affordable housing are anticipated to be minor and can be absorbed within existing
budgeted resources.
LR2752(02) - Fiscal Note - Page 1 of 1