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Story summary
- Maine lawmakers extended the Maine Affordable Housing Income Tax Credit to December 31, 2036, with Governor Janet Mills approving the bill.
- The extension supports new housing construction and preserves affordable units.
- Since 2020, the credit has preserved 108 affordable units and facilitated 824 more.
- A state study projects Maine will need 76,400 housing units by 2030.
- Local organizations are encouraged to use credit to preserve at-risk properties and stabilize residents.
