What is the Housing Plan and Bond?
The City of Rockland's Housing Plan ____ _____ _____ _____ ____ _____ _____ _____ ____ _____ _____ _____ ____ _____ _____ _____ ____ _____ _____ _____
Housing goals:
- Understand current housing conditions and future needs.
- Engage residents and stakeholders to understand community priorities.
- Identify housing production targets that meet local needs.
- Develop recommendations for policy and planning improvements.
Metrics and progress
Tracking Rockland's housing outcomes
Housing Production
Last update: 2025-10-31
Tracking new housing units by building type and area median income level.
0 units
Below 50% AMI
12 units
50-80% AMI
0 units
80-100% AMI
6 units
100-120% AMI
29 units
Market Rate
| Type | Units | Buildings | Below 50% AMI | 50-80% AMI | 80-100% AMI | 100-120% AMI | Market Rate |
|---|---|---|---|---|---|---|---|
| Single Family | 12 | 12 | 0 | 0 | 0 | 2 | 10 |
| Two Family | 4 | 2 | 0 | 0 | 0 | 0 | 4 |
| 3-6 units | 4 | 1 | 0 | 0 | 0 | 0 | 4 |
| 6-12 units | 9 | 1 | 0 | 0 | 0 | 4 | 5 |
| 13+ units | 18 | 1 | 0 | 12 | 0 | 0 | 6 |
| TOTAL | 47 | 17 | 0 | 12 | 0 | 6 | 29 |
Housing Development Programs
Last update: 2025-10-31
Tracking housing programs, units renovated or created, investments, and funding sources.
| Name | Type | Units Renovated | Units Created | Units Preserved | Investment | Cost/Unit | Primary Source |
|---|---|---|---|---|---|---|---|
| Affordable Housing Trust Fund | Trust Fund | 4 | 2 | 0 | $120K | $20K | Bond |
| First Time Homebuyer Program | Down Payment Assistance | 0 | 4 | 0 | $100K | $25K | Bond |
| Affordable Housing Recapitalization Program | Renovation Assistance | 8 | 0 | 0 | $150K | $18.8K | Bond |
| Low Income Housing Tax Credits | Affordable Construction | 0 | 12 | 0 | $400K | $33.3K | MaineHousing |
| Rural Affordable Housing Rental Fund | Affordable Construction | 9 | 0 | 0 | $250K | $27.8K | MaineHousing |
| TOTALS | 21 | 18 | 0 | $1.02M | $124.9K |
Bond Use and Fiscal Impact
Last update: 2025-10-31
Tracking bond resource allocation and short and long term fiscal impacts.
| Use | Bond Resources | Short Term Net Fiscal Impact Plan | Long Term Net Fiscal Impact Plan | Short Term Net Fiscal Impact To Date | Long Term Net Fiscal Impact To Date |
|---|---|---|---|---|---|
| Affordable Housing Trust Fund | $300K | $100K | $400K | $0 | $100K |
| First Time Homebuyer Program | $250K | $0 | $100K | $0 | $80K |
| Affordable Housing Recapitalization Program | $300K | -$300K | $200K | $0 | $0 |
| Total | $850K | -$200K | $700K | $0 | $180K |
Housing Plan Elements Overview
Implementation elements summary
| Implementation Element | Process | Source of Funding | Timeframe | Affordable Units Created or Preserved | Initial Cost | Annual Cost | Source of Return | Anticipated 10-Year Return |
|---|---|---|---|---|---|---|---|---|
| Create Rockland Affordable Housing Trust Fund | City Council | General Fund (existing staff) | Short | $0 | $10K | N/A | $0 | |
| Inventory City-Owned Land and Offer Unused Land for Affordable Housing | Staff/Council | General Fund (existing staff) | Short | 25 | $10K | $0 | New Investment in Parcels | $1.5M |
| Create Inclusionary Zoning Ordinance | City Council | General Fund (existing staff) | Short | 10 | $0 | $5K | Fee in Lieu to AHTF | $450K |
| Create Expiring Use Retention Fund | City Council | Housing Bond | Short | 25 | $500K | $0 | N/A | $0 |
| Fund Rockland AHTF | Bond via Council | Housing Bond | Medium | 10 | $250K | $100K | New Investment in Parcels | $1.05M |
| Create First Time Homebuyer Down Payment Program | City Council | Housing Bond | Medium | 10 | $250K | $100K | Increased Property Values | $100K |
| Offer Bond Funding as part of Affordable Housing Development Capital Stacks | City Council | Housing Bond | Medium | 50 | $500K | $200K | New Investment in Parcels | $3M |
| Continue Land Use Code changes | Staff/Council | N/A | Medium | 10 | $0 | $0 | Increased housing production | $200K |
| Create a Rental Registration Program | Staff/Council | Registration Fees | Medium | 0 | $10K | $15K | Registration Fees | $150K |
| Create an Affordable Housing Rehabilitation program | Staff/Council | Housing Bond | Medium | 20 | $150K | $40K | Stabilized property taxes | $200K |
| Provide fee reductions for affordable housing | City Council | General Fund (existing staff) | Short | 0 | $0 | $5K | N/A | $0 |
| TOTAL | 160 | $1.67M | $475K | TOTAL RETURN | $6.65M | |||
| TOTAL COSTS | $5.95M | |||||||
| COSTS PER UNIT | $37.2K | |||||||
| NET RETURN | $705K | |||||||
| BOND EXPENSES | $5.61M |