Bill > LD1106

This bill provides one-time funding of $250,000 in the 2024-25 fiscal year to support the redevelopment of the Island Nursing Home in Hancock County into 24 affordable apartments for senior citizens. The bill acknowledges that the nursing home has ceased operations, creating a critical shortage of affordable housing for seniors in the region. The Maine State Housing Authority is required to submit a detailed report to the Joint Standing Committee on Appropriations and Financial Affairs within 6 months of receiving the funding. This report must include a breakdown of how the funds were used, a progress update on the conversion project, and a financial summary of additional funds raised and any remaining funding needs. The bill is considered an emergency measure, which means it will take effect immediately upon approval, addressing the urgent housing needs of seniors in the Hancock County area. The total estimated cost of the renovation project ranges from $1.2 million to $1.5 million, with this legislative appropriation serving as a critical initial funding source.

Housing and Urban Affairs

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1106&snum=132