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Maine Affordable Housing and Housing for Victims of Domestic Violence, Question 1 (2001)

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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.[1][2]

Election results

Maine Question 1 (2001)
ResultVotesPercentage
Approveda Yes 128,026 58.52%
No90,75341.48%

Election results via: Maine Secretary of State, Elections Division: Referendum Election Tabulations, November 6, 2001

Text of measure

The language appeared on the ballot as:[1]

Question 1: Bond Issue

Do you favor a $12,000,000 bond issue to provide:

(1) The sum of $10,000,000 to address the affordable housing crisis in Maine; and
(2) The sum of $2,000,000 to provide housing for victims of domestic violence?

[3]

Summary

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. [3]

Maine Secretary of State, [1]

Logo of the Maine State Housing Authority

Fiscal note

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.[1]

See also

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