A tax generated by property sales helps power Maine’s various affordable housing initiatives, including a program that assists first-time home buyers and another to prevent foreclosures. Lawmakers are considering adding a new initiative to the list: funding homeless shelters. But deciding how to allocate the money is complicated. The real estate transfer tax — which collects money from both buyers and sellers each time a property is sold — is expected to grow significantly in the coming years,

Tag-uri: Real Estate