Gideon: Not only is this bond good for our seniors, it supports our economy, improves energy efficiency and increases municipal revenue

AUGUSTA – Governor Janet Mills signed a financial order to begin the release of the $15 million senior housing bonds approved by Maine voters in 2015. The financial order will allow $500,000 of the bond to be immediately used to fund ongoing projects while also demonstrating the governor’s intent to authorize the sale of the remainder of the bond for any ready projects come June.

Issuance of the housing bond, approved by almost 70% of Maine voters in a statewide referendum, had been stalled by the previous Administration. This bond will fund construction of more than 200 new affordable housing units for low-income seniors and the weatherization of another 100 existing homes for low-income seniors.

Speaker of the House Sara Gideon released the following statement:

“There are more than 9,000 seniors in households on waiting lists for an affordable home. And now, because of Governor Mills commitment to action, we can finally break ground on the shovel-ready projects necessary to get these folks into the housing they so desperately need.  Not only is this bond good for our seniors, it supports our economy, improves energy efficiency and increases municipal revenue. These projects should have started long ago when approved by the legislature and Maine voters, but I’m grateful they won’t be held up any longer