The Maine Housing Loan Repayment Guarantee Amendment
was on the 1990 ballot
, where it was defeated
| Question 2|
| Yes|| 236,348|| 51.44%|
The amendment was legislatively-referred to the ballot by the Maine Legislature as a proposed addition to the Maine Constitution.
The goal of the unsuccessful amendment was to change the Constitution to guarantee repayment by the state government of housing loans to stimulate the housing market. The idea of its supporters was that with the additional loan guarantee, more loans would be made and therefore more houses purchased, thus stimulating the housing market.
One year earlier, Maine voters rejected a somewhat similar measure, the Maine Mortgage Loan Guarantee Amendment (1989).