LD 473 LR 1421(02)
An Act To Create the Maine Rental Assistance and Voucher Guarantee Program
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor and Housing
Fiscal Note Required: Yes
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $9,000,000 $9,000,000 $9,000,000 $9,000,000
General Fund $9,000,000 $9,000,000 $9,000,000 $9,000,000
Fiscal Detail and Notes
This bill includes ongoing General Fund appropriations of $9,000,000 per year beginning in fiscal year 2021-22 to a newly created Maine Rental Assistance and Guarantee Program Fund within the Maine State Housing Authority (MSHA) to both assist qualified tenants with the cost of rent and to encourage landlords to work with rental assistance programs in the State. Up to 10% of the funds may be used by MSHA to administer the program.