Maine § 30-A §5248-1 Affordable housing development programs

Maine Statutes

§ 30-A §5248-1 — Affordable housing development programs

Maine·Title 30-A MUNICIPALITIES AND COUNTIES·Part 2 MUNICIPALITIES·Ch. 206 DEVELOPMENT DISTRICTS

1.Adoption. The legislative body of a municipality shall adopt an affordable housing development program for each affordable housing development district. The affordable housing development program must be adopted at the same time as the district as part of the district adoption proceedings or, if at a different time, in the same manner as adoption of the district, with the same notice and hearing requirements of section 5250. Before adopting an affordable housing development program, the municipal legislative body shall consider the factors and evidence specified in section 5247.

2.Requirements. The affordable housing development program must include:

3.Financial plan for affordable housing development district. The financial plan for an affordable housing development district must inc

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1.
Adoption.
The legislative body of a municipality shall adopt an affordable housing development program for each affordable housing development district. The affordable housing development program must be adopted at the same time as the district as part of the district adoption proceedings or, if at a different time, in the same manner as adoption of the district, with the same notice and hearing requirements of section 5250. Before adopting an affordable housing development program, the municipal legislative body shall consider the factors and evidence specified in section 5247.
2.
Requirements.
The affordable housing development program must include:
3.
Financial plan for affordable housing development district.
The financial plan for an affordable housing development district must include:
4.
Limitation.
For affordable housing development districts, a municipality may expend the tax increments received for any affordable housing development program only in accordance with the financial plan.

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