An Act To Support Workforce Development By Establishing The Housing Stability Fund

LD 1287 establishes Maine's Housing Stability Fund and Housing Stability Support Program to prevent evictions for low-income renters. The program provides up to $3,000 per household ($300 monthly max) in direct rental assistance to tenants earning under 30% of the area median income (per HUD standards), excluding those using federal housing vouchers. Administered by qualified entities like community action agencies, it requires landlords to be paid directly and limits administrative costs to 10% of funds. The bill appropriates $1.9 million annually from the General Fund to sustain the program, targeting renters facing housing instability.