Proposed tax incentive for affordable housing gains support in Augusta

Advocates of a proposed tax credit aimed at bringing more affordable housing to Maine made their case this week at a public hearing in Augusta.

L.D. 1645, “An Act to Create Affordable Workforce and Senior Housing and Preserve Affordable Rural Housing,” is sponsored by state Rep. Ryan Fecteau, D-Biddeford, and had its first public hearing this week before the Committee on Taxation. A work session is scheduled for Tuesday, May 14.

Out of 13 written testimony submissions online, there is no opposition. Supporters include the Maine Affordable Housing Coalition, Associated General Contractors of Maine and the Maine Council on Aging.

Mainebiz