Maine Affordable Housing and Housing for Victims of Domestic Violence, Question 1 (2001)
The Maine Affordable Housing and Housing for Victims of Domestic Violence Bond Issue, also known as Question 1, was on the November 6, 2001 ballot in Maine as a legislatively-referred bond question, where it was approved. The measure issued $12 million in bonds, of which $10 million was allocated to address the affordable housing crisis in Maine and $2 million was allocated to provide housing for victims of domestic violence.
|Maine Question 1 (2001)|
Text of measure
The language appeared on the ballot as:
Do you favor a $12,000,000 bond issue to provide:
The following description of the intent and content of this measure was provided in the Maine Citizen's Guide to the Referendum Election:
This Act would authorize the State to issue bonds in an amount not to exceed $12,000,000 to raise funds for the Maine State Housing Authority to address the affordable housing crisis and to provide housing for victims of domestic violence. The bonds would run for a period not longer than 10 years from the date of issue and would be backed by the full faith and credit of the State.
The Maine State Housing Authority would be authorized to expend up to $10,000,000 of the proceeds of the sale of these bonds to renovate or replace affordable rental apartments and homes, provide housing for people who are homeless and for consumers of mental health services, reduce the costs of acquiring land for the development of new affordable housing, and provide predevelopment costs to assist nonprofit housing organizations. The remaining $2,000,000 of bond proceeds would be targeted to providing housing to victims of domestic violence.
If approved, the bond authorization would take effect 30 days after the Governor's proclamation of the vote.
A statement of the Treasurer describing the financial considerations of this bond issue is published together with this statement.
A "YES" vote approves the authorization of a $12,000,000 bond issue to finance affordable housing projects and to provide housing for victims of domestic violence.
A "NO" vote disapproves the bond issue. 
The total estimated life time cost of the bonds was $15,250,500, with $12,000,000 in principal and $3,250,500 in interest, assuming interest at 4.93% over 10 years.
- Maine 2001 ballot measures
- 2001 ballot measures
- List of Maine ballot measures
- History of Initiative & Referendum in Maine
- Maine Citizen's Guide to the Referendum Election, Tuesday, November 7, 2000 from Maine Secretary of State
- Maine State Law and Legislative Reference Library, Votes on Maine Bond Issues, 1951-
- Maine Secretary of State, Division of Elections, "Maine Citizen's Guide to the Referendum Election, Tuesday, November 6, 2001," accessed May 6, 2014
- Maine Secretary of State, Elections Division, "Referendum Election Tabulations, November 6, 2001," accessed May 6, 2014
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.