PORTLAND, Maine (AP) - Gov. Paul LePage has lifted a moratorium that prevented the Maine State Housing Authority from issuing federally subsidized tax-exempt bonds.
In the next few weeks, the authority will begin the process of reviewing housing proposals in anticipation of issuing as much as $120 million in tax-exempt bonds over three years.
Deborah Turcotte, the authority's spokeswoman, tells The Portland Press Herald the authority has a list of 56 pending housing projects, worth a total of $218 million that would produce more than 2,000 new or renovated affordable and subsidized apartments across Maine.
Which projects will qualify for funding remains to be determined.
In addition to providing housing, the projects provide jobs for electricians, plumbers, contractors and others.
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