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The idea behind the proposed by former House Speaker Ryan Fecteau, D-Biddeford, is to encourage the creation of affordable housing by using state and federal dollars to provide investors with a refundable credit on their state income taxes.
Source: https://www.bangordailynews.com/2023/01/30/business/affordable-apartments-thomaston-joam40zk0w/
The measure Mills signed last year was championed by former House Speaker Ryan Fecteau, D-Biddeford.
Source: https://www.bangordailynews.com/2023/04/17/politics/maine-housing-law-rollout-joam40zk0w/