Housing (Homeownership)

HB 604 establishes a conditional loan forgiveness program for low-income homeowners in New Hampshire to build new accessory dwelling units (ADUs) or convert existing structures into ADUs. It targets homeowners with household incomes at or below 80% of the area median income (as defined by HUD), requiring them to maintain affordability - renting the ADU at rates not exceeding 30% of tenant income - for the loan term. Loans are forgiven if the ADU remains affordable, even if the property is sold (with rent caps transferable or a payoff required). The program, administered by the New Hampshire Housing Finance Authority, would use funds from the Affordable Housing Fund but requires new state appropriations for implementation.

SB 82 creates "Housing Opportunity Zones" in New Hampshire counties and municipalities to encourage affordable workforce housing development. It requires owner-occupancy (no rental by investors), mandates specific design features like slab foundations and front porches, and exempts the first property transfer from real estate transfer taxes. The bill proposes $20 million in state grants for infrastructure (roads, water, sewer) with limits of $1 million per municipality and $5 million per county, though no funding source is identified. It directly affects local governments that establish these zones and future homeowners who must live in the properties they purchase.

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.

HB 1707 imposes an additional tax on properties left unoccupied for six or more months annually or used as short-term rentals for that period, requiring owners to pay the full local property taxes owed. It also creates a one-time exemption from the real estate transfer tax for first-time homebuyers with household incomes at or below 100% of the HUD-defined median for their area, who do not own other property. The tax applies to property owners, while the exemption directly benefits qualifying low- and moderate-income homebuyers. The bill takes effect April 1, 2027, with a $300,000 estimated one-time implementation cost.

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.