HB 1726 requires New Hampshire state agencies to identify surplus property suitable for affordable housing development and make it available to qualified developers at below-market rates. The bill mandates that at least 20% of housing units developed on such property must remain affordable to low- and moderate-income households for a minimum of 20 years, with legal restrictions ensuring this use. It also prioritizes municipal grant funding for communities collaborating with state agencies on identifying and rezoning eligible land. The bill does not provide new state funding but allows agencies to retain proceeds from property sales for one additional budget cycle. This directly affects state agencies, qualified housing developers, and low-to-moderate-income households seeking affordable housing.
SB 508 requires all grounds for appealing zoning board decisions to be stated in the initial appeal notice, directly affecting applicants, municipalities, and planning boards. It adds a new provision mandating that cities and towns must stamp and accept revised zoning plans within 3 business days of submission, provided the revisions address specific comments from the initial review. The bill also limits applicants to one revision round unless original comments were unaddressed, preventing repeated requests for changes beyond the initial review conditions. These changes aim to streamline the zoning approval process by setting clear timelines and revision limits. The bill applies to all municipalities in New Hampshire with zoning boards of adjustments.
HB 1405 establishes a program allowing New Hampshire's Housing Finance Authority to guarantee up to 80% of loans for affordable housing projects. This reduces risk for lenders financing housing where costs (rent/mortgage plus utilities/taxes) do not exceed 30% of residents' income, defined as 50-80% of state median income. The program limits annual guarantees to $30 million per lender and $300 million total statewide. It directly affects lenders, housing developers, and low/moderate-income residents seeking affordable homes.
HB 1661 expands New Hampshire's Housing Finance Authority's "Community Heroes" program to provide homeownership assistance to essential workers. It appropriates $750,000 for fiscal year 2027 and $1.5 million annually thereafter from the General Fund to fund the program, with no more than 10% allowed for administrative costs. The program specifically targets eligible workers in healthcare, childcare, elder care, law enforcement, firefighting, education, and active military service, allowing them to use funds for down payments, closing costs, or interest rate reductions. The bill requires the Housing Finance Authority to establish rules defining eligibility and takes effect July 1, 2028, for the annual appropriation.
HB 572 establishes the "Partners in Housing" program, a low-interest loan and grant program under the Housing Champions Fund to help municipalities, counties, and developers build workforce housing. The program prioritizes single-family starter homes, duplexes, small apartment buildings, and "missing middle housing" on municipally-owned land suitable for residential development, with $2 million of the $10 million total funding specifically allocated for this initiative. Municipalities can identify suitable public land for housing development, which would be added to a statewide list prioritized for program funding, and projects must include at least 20% affordable units for 20 years. The program also includes expedited review processes for qualifying projects to speed up development. The bill appropriates $10 million for the Housing Champions Fund, with $500,000 designated for program administration.
