APPROVED CHAPTER
APRIL 9, 2024 162
BY GOVERNOR RESOLVES
STATE OF MAINE
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IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FOUR
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S.P. 920 - L.D. 2169
Resolve, Directing the Office of Policy Innovation and the Future to
Recommend Proposals to Support the Development of Attainable Housing
Sec. 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 determined 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;
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;
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 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.
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