House approves Cloutier bill to expand affordable housing
AUGUSTA - The Maine House gave initial approval Tuesday to legislation sponsored by Rep. Kristen Cloutier, D-Lewiston, to expand affordable housing via group equity cooperatives.
The bill, LD 1505, would amend the Maine Cooperative Affordable Housing Ownership Act to include group equity cooperatives, which is resident-controlled housing owned by a corporation in which residents own a share of stock.
