Maine extends key affordable housing tax credit for another decade

Maine extends key affordable housing tax credit for another decade

Gov. Janet Mills has signed a new law extending a tax credit that’s helped subsidize the construction of affordable housing. The Maine Affordable Housing Tax Credit was supposed to expire in two years. Now the program will continue for at least the next decade. Developers have used the tax credit to subsidize the construction of more than 800 income-restricted homes in the last six years. “[For] developers in communities across the state that ar…