Maine Affordable Housing, Question 11 (1989)
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The Maine Affordable Housing Bond Issue, also known as Question 11, was on the November 7, 1989 ballot in Maine as a legislatively referred bond question, where it was approved.[1] The measure issued $15 million in bonds to enhance affordable housing opportunities. This included $4 million to the municipal revolving loan fund, which was to create a non-lapsing fund which would provide grants and low-interest loans to municipalities for improvements to land, including, but not limited to, necessary public service infrastructure for the development of affordable housing. Another $500,000 was allocated for a non-lapsing fund to provide low-interest loans to municipalities for the acquisition of land for affordable housing. Similarly, $2 million was for a non-lapsing fund to provide grants and loans for the restoration of dwelling units, assistance to shelters for the homeless, removal of structures and the creation of recreational park areas. A non-lapsing fund to provide grants and loans to nonprofit housing corporations for the acquisition of land for affordable housing was allocated $4.5 million. A further $3 million was allocated to preserve low and moderate-income housing, and $1 million to capitalize the Mortgage Insurance Fund. That fund was to develop affordable housing for low and moderate income households. The estimated interest on the bonds at 6.5 percent over 10 years was $5,362,500.[2][3]
Election results
| Maine Question 11 (1989) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 125,154 | 54.12% | ||
| No | 106,095 | 45.88% | ||
Election results via: Maine State Law and Legislative Reference Library, Votes on Maine Bond Issues, 1951-
Text of measure
The language appeared on the ballot as:[3]
| “ |
Shall a bond issue in the amount of $15,000,000 be approved to enhance affordable housing opportunities for the people of the State of Maine? [4] |
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See also
- Maine 1989 ballot measures
- 1989 ballot measures
- List of Maine ballot measures
- History of Initiative & Referendum in Maine
External links
- Bangor Daily News, "State of Maine Special Election November 7, 1989: Important Notice to All Voters of the State of Maine," October 31, 1989
- Maine State Law and Legislative Reference Library, Votes on Maine Bond Issues, 1951-
Footnotes
- ↑ Maine State Law and Legislative Reference Library, "Votes on Maine Bond Issues, 1951-," accessed April 28, 2014
- ↑ Bangor Daily News, "State of Maine Special Election November 7, 1989: Important Notice to All Voters of the State of Maine," October 31, 1989
- ↑ 3.0 3.1 Laws of the State of Maine as Passed by the One Hundred and Fourteenth Legislature, "Private and Special Laws, Chapter 84," accessed April 28, 2014
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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