Pass LD1082

Maine is in a housing crisis. According to the State of Maine Housing Production Needs Study, we need to create over 80,000 new housing units by 2030.

LD 1082, introduced by Speaker Ryan Fecteau, would eliminate the Real Estate Transfer Tax for first-time or low-income homebuyers who use MaineHousing's Advantage Program or MaineHousing's First Generation Program. This will apply to both the buyer and seller’s transfer tax commitment and should make first-time home buyer loans more competitive.

It will also increase the Real Estate Transfer Tax to fund the construction of new affordable housing units. This bill will help address our housing crisis while also assisting first-time homebuyers to purchase homes.
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