An Act to Reduce the Cost of Purchasing a Home by Providing Grants to Reduce Mortgage Rates

This bill creates a program for the Maine State Housing Authority to give grants of up to $15,000 to eligible low and moderate-income individuals. These grants would help reduce mortgage rates for people buying their first owner-occupied single-family home. Additionally, the bill allows Maine taxpayers to deduct payments made for private mortgage insurance on their primary residence from their state income tax.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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