LD2077 is a bill in the Maine Legislature (132nd Legislature): An Act to Reduce the Cost of Purchasing a Home by Providing Grants to Reduce Mortgage Rates.

What is the status of LD2077?

Failed as of April 29, 2026. Latest action: Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD) (April 29, 2026).

Who sponsored LD2077?

Wayne Farrin (D, 47), with 6 co-sponsors.

Where is the official record for LD2077?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=2077&snum=132

Maine legislation · 132nd Legislature

Maine LD2077: An Act to Reduce the Cost of Purchasing a Home by Providing Grants to Reduce Mortgage Rates

Q: What does LD2077 do?

In its own words: An Act to Reduce the Cost of Purchasing a Home by Providing Grants to Reduce Mortgage Rates" Amend the bill in section 3 in paragraph II in the 3rd line (page 1, line 35 in L.D.) by inserting after the following: "residence" the following: 'or being applied as a down payment on a loan for the purchase of an owner-occupied single-family residence' Amend the bill by striking out all of section 4 and inserting the following: 'Sec. 4. Appropriations and allocations. The following appropriations and allocations are made. HOUSING AUTHORITY, MAINE STATE Housing Authority - State 0442 Initiative: Prov.

Status: Failed, April 29, 2026

What the bill says

An Act to Reduce the Cost of Purchasing a Home by Providing Grants to Reduce Mortgage Rates" Amend the bill in section 3 in paragraph II in the 3rd line (page 1, line 35 in L.D.) by inserting after the following: "residence" the following: 'or being applied as a down payment on a loan for the purchase of an owner-occupied single-family residence' Amend the bill by striking out all of section 4 and inserting the following: 'Sec. 4. Appropriations and allocations. The following appropriations and allocations are made. HOUSING AUTHORITY, MAINE STATE Housing Authority - State 0442 Initiative: Prov.

From the engrossed text:

An Act to Reduce the Cost of Purchasing a Home by Providing Grants to Reduce Mortgage Rates" Amend the bill in section 3 in paragraph II in the 3rd line (page 1, line 35 in L.D.) by inserting after the following: "residence" the following: 'or being applied as a down payment on a loan for the purchase of an owner-occupied single-family residence' Amend the bill by striking out all of section 4 and inserting the following: 'Sec. 4. Appropriations and allocations. The following appropriations and allocations are made. HOUSING AUTHORITY, MAINE STATE Housing Authority - State 0442 Initiative: Provides funding to the Maine State Housing Authority to administer a program that provides a grant of up to $15,000 per home purchase for the purchase of an owneroccupied single-family residence by a qualifying person. GENERAL FUND 2025-26 2026-27 All Other $0 $20,250,000 __________ __________ GENERAL FUND TOTAL $0 $20,250,000 2262 ' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 3300 This amendment, which is the majority report of the committee, requires the Maine 3311 State Housing Authority to administer a program to provide a grant of up to $15,000 per 3322 home purchase for the purpose of reducing the mortgage interest rate of a loan or being 3333 applied as a …

Read the full official text

Maine LD2077: An Act to Reduce the Cost of Purchasing a Home by Providing Grants to Reduce Mortgage Rates

What the bill says

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