This article by Eesha Pendharkar originally appeared in the Main Morning Star. Shortened by the planet.
bill [Maine House of Representatives Speaker Ryan Fecteau] Introduction – Finally wrapped in budget, Ld 1082 increases real estate transfer tax on properties sold for more than $1 million. Increases in revenue, which apply only to a portion of sales exceeding $1 million, will be allocated to a dedicated fund for affordable housing.
Sponsored by another bill, Fecteau, which was ultimately signed into law, Ld 1829 makes comprehensive zoning changes to make it easier to build more units on the same lot and removes some restrictions on the height, density and location of the home.
The goal of the newly signed law is to increase the small development of 2-4 units of many units, or to facilitate that kind of development, to promote housing production close to existing public infrastructure, such as sewerage and water systems.
Fecteau, McCollister, and Mitchell pointed to several other bills that have passed this session that will help increase supply by easing some restrictions on developers.
One such example is LD 146, sponsored by Sen. Peggy Londondo (D-androscoggin). The law streamlines the historic property rehabilitation tax credit by removing timeline barriers that previously delayed development projects.
Fecteau highlighted the new law introduced by Rep. Amy Lauder (D-Bangor), Ld 427. Previously, some communities required parking in all bedrooms of the unit.
Two successful measures from Rep. Mark Maron will increase housing opportunities. This allows for residential construction in the commercial zone and opens up existing structures where the LD 970 will be rehabilitated for the home.
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