Affordable-housing tax credit bill moves forward in Augusta

A proposed tax credit aimed at bringing more affordable housing to Maine is headed for a vote in the House and Senate after last week’s endorsement by the Taxation Committee.

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, who recently told Mainebiz that he’s confident it will pass.

The Legislature’s Taxation Committee unanimously backed the measure in a vote last Thursday, following a public hearing where there was only support. By a vote of 9-0, the committee voted in favor of the bill as “ought to pass.”