Maine Revised Statutes > Title 33 > Chapter 6 – Affordable Housing Covenants
Current as of: 2023 | Check for updates
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Other versions
| § 121 | Definitions |
| § 122 | Creation; conveyance; acceptance; duration |
| § 123 | Judicial actions |
| § 124 | Scope of affordable housing covenant |
| § 125 | Validity |
| § 126 | Application |
Terms Used In Maine Revised Statutes > Title 33 > Chapter 6 - Affordable Housing Covenants
- Affordable housing covenant: means any agreement among one or more owners, one or more tenants of residential real estate and one or more qualified holders, or between one or more owners and one or more qualified holders, or between one or more tenants and one or more qualified holders, that permits a qualified holder to control, either directly or indirectly, the purchase price of residential housing for the primary purpose of providing that the housing remains affordable to lower income and moderate-income households. See Maine Revised Statutes Title 33 Sec. 121
- Affordable housing unit: means an owner-occupied, single-family dwelling unit or condominium unit for a household whose income does not exceed 80% of the median income for the area as defined by the United States Department of Housing and Urban Development. See Maine Revised Statutes Title 30-A Sec. 5061
- Allowable expense: means reasonable charges incurred for reasonably needed products, services and accommodations, including those for medical care, rehabilitation, rehabilitative occupational training, counseling services and other remedial treatment and care, and nonmedical remedial care and treatment rendered in accordance with a recognized religious method of healing. See Maine Revised Statutes Title 17-A Sec. 2002
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Blighted area: means :
A. See Maine Revised Statutes Title 30-A Sec. 5101Bonds: means any bonds, including refunding bonds, notes, interim certificates, debentures or other obligations under this chapter. See Maine Revised Statutes Title 30-A Sec. 5101 Collateral source: means a source of benefits or advantages for economic loss resulting from a crime, which the victim has received, or which is readily available to the victim from:
A. See Maine Revised Statutes Title 17-A Sec. 2002Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action. Connection fee: means a one-time fee or charge for the establishment of water or sewer service that is directly related to the actual cost of installation of such service. See Maine Revised Statutes Title 30-A Sec. 5061 Contract: A legal written agreement that becomes binding when signed. Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name. Decedent: A deceased person. Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime. Dependent: means an individual who is wholly or partially dependent upon the victim for care or support and includes a child of the victim born after the victim's death. See Maine Revised Statutes Title 17-A Sec. 2002 Dependent: A person dependent for support upon another. Economic loss: includes economic detriment consisting of environmental clean-up expense, property loss, allowable expense, work loss, replacement services loss and, if injury causes death, dependent's economic loss and dependent's replacement services loss. See Maine Revised Statutes Title 17-A Sec. 2002 Environmental clean-up expense: means any reasonable expense incurred for products and services needed to clean up any harm or damage caused to the environment, including any harm or damage caused by chemicals; to restore the environment to its previous condition prior to any harm or damage; and to properly dispose of chemicals and other materials, including those used in the manufacture of scheduled drugs in violation of chapter 45. See Maine Revised Statutes Title 17-A Sec. 2002 Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts Federal Government: means the United States of America or any agency or instrumentality, corporate or otherwise, of the United States of America. See Maine Revised Statutes Title 30-A Sec. 2001 Impact fee: means a one-time fee or charge associated with the establishment of water or sewer service that is related to the impact of such service on system capacity and that is collected to offset future costs associated with system growth. See Maine Revised Statutes Title 30-A Sec. 5061 Infant: means a person who has not attained the age of 18 years. See Maine Revised Statutes Title 1 Sec. 72 lands: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72 Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity. Lien: A claim against real or personal property in satisfaction of a debt. Lower income and moderate-income households: means very low-income, low-income and moderate-income households as defined in the Affordable Housing Partnership Act of 1989. See Maine Revised Statutes Title 33 Sec. 121 Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72 Mortgage: The written agreement pledging property to a creditor as collateral for a loan. municipal clerk: means the clerk of a municipality. See Maine Revised Statutes Title 30-A Sec. 2001 Municipal legislative body: means :
A. See Maine Revised Statutes Title 30-A Sec. 2001Municipal officers: means :
A. See Maine Revised Statutes Title 30-A Sec. 2001Municipality: means a city or town, except as provided in chapter 225. See Maine Revised Statutes Title 30-A Sec. 2001 Noneconomic detriment: means pain, suffering, inconvenience, physical impairment and other nonpecuniary damage. See Maine Revised Statutes Title 17-A Sec. 2002 Obligee: means :
A. See Maine Revised Statutes Title 30-A Sec. 5101Offender: means an individual or an organization convicted of a crime. See Maine Revised Statutes Title 17-A Sec. 2002 Owner: means a person having an estate, interest or easement in real property or a lien, charge or encumbrance on that property. See Maine Revised Statutes Title 30-A Sec. 5101 Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses. Person: means an individual, corporation, partnership, firm, organization or other legal entity. See Maine Revised Statutes Title 30-A Sec. 2001 Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed. Property loss: means the value of property taken from the victim, or of property destroyed or otherwise broken or harmed. See Maine Revised Statutes Title 17-A Sec. 2002 Public agency: means the State or any county, municipality, district or public authority located, in whole or in part, within this State that provides or may provide laboratory services or police, firefighting, ambulance or other emergency services. See Maine Revised Statutes Title 17-A Sec. 2002 Public body: means the State, or any agency or instrumentality of the State, or any board, commission, authority or district within the territorial boundaries of the municipality. See Maine Revised Statutes Title 30-A Sec. 5101 Qualified holder: means a governmental entity empowered to hold an interest in real property under the laws of this State or the United States or a nonprofit organization whose purposes include the provision of affordable housing or the increasing of affordable housing opportunities for lower income or moderate-income households including governmental or quasi-governmental entities such as public housing authorities, community action agencies or other similar nonprofit or governmental entities committed to providing opportunities for lower income or moderate-income households to obtain affordable housing. See Maine Revised Statutes Title 33 Sec. 121 Quorum: The number of legislators that must be present to do business. Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72 Real property: means :
A. See Maine Revised Statutes Title 30-A Sec. 5101Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Redeveloper: means any person that enters or proposes to enter into a redevelopment contract. See Maine Revised Statutes Title 30-A Sec. 5101 Redevelopment contract: means a contract entered into between the authority and a redeveloper for the redevelopment of an area in conformity with an urban renewal plan. See Maine Revised Statutes Title 30-A Sec. 5101 renewal plan: means a plan, as it exists from time to time, for an urban renewal project. See Maine Revised Statutes Title 30-A Sec. 5101 renewal project: means the undertakings and activities of the authority in an urban renewal area for the elimination and prevention of the development or spread of slums and blight. See Maine Revised Statutes Title 30-A Sec. 5101 Replacement services loss: means expenses reasonably incurred in obtaining ordinary and necessary services in lieu of those the injured person would have performed, not for income but for the benefit of the injured person or the injured person's family, if the injured person had not been injured. See Maine Revised Statutes Title 17-A Sec. 2002 Restitution: means :
A. See Maine Revised Statutes Title 17-A Sec. 2002Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action. Sewer utility: means a municipal sewer department, a sewer district as defined in Title 38, section 1032, subsection 3 or 4 or a sanitary district formed under Title 38, chapter 11. See Maine Revised Statutes Title 30-A Sec. 5061 Slum area: means a blighted area in an extreme state of deterioration and decay. See Maine Revised Statutes Title 30-A Sec. 5101 Town: includes cities and plantations, unless otherwise expressed or implied. See Maine Revised Statutes Title 1 Sec. 72 Trustee: A person or institution holding and administering property in trust. United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72 Urban Renewal Authority: means a public body corporate, and politic, created under this chapter. See Maine Revised Statutes Title 30-A Sec. 5101 Victim: means a government that suffers economic loss or a person who suffers personal injury, death or economic loss as a result of a crime or the good faith effort of any person to prevent a crime. See Maine Revised Statutes Title 17-A Sec. 2002 work loss: includes pay or benefits unfairly or illegally withheld from the victim by the offender or any unfair labor agreement under Title 26, section 629, as defined by rules adopted by the Department of Labor. See Maine Revised Statutes Title 17-A Sec. 2002 Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72