HB 1786 imposes a semi-annual state assessment on residential properties valued over $1 million that are not used as a primary residence (luxury second homes), directly affecting owners of such properties. The revenue generated funds statewide housing development programs, including $15 million for workforce training in building trades and municipal grants for housing production. Key provisions include creating a dedicated fund for demolishing vacant buildings, expanding tax credits for housing infrastructure, and establishing a commission to study state financing for housing. The bill aims to address New Hampshire's housing shortage by leveraging new revenue to support affordable housing construction and workforce development.
HB 1681 establishes clear rules for tiny houses, tiny houses on wheels (THOWs), and yurts as legal housing options in New Hampshire. It defines these structures (capping tiny houses at 400 square feet, requiring compliance with building codes, and distinguishing them from recreational vehicles), mandates inspections similar to standard homes, and allows them to be used as primary or accessory dwellings on single-family lots. Municipalities must assess property taxes for these structures after 180 days of permanent placement, and the bill regulates their transport and grey water systems. This directly affects homeowners, developers, and local governments by creating standardized pathways for these innovative housing types.
HB 1171 creates a 90-day grace period for renters who miss rent payments due to an unexpected interruption in their monthly Social Security benefits. The bill directly affects residential tenants in New Hampshire whose Social Security payments are halted unexpectedly, providing time to secure alternative housing or funding without facing immediate eviction. It amends state law to require landlords to grant this 90-day extension when rent is missed specifically because of disrupted Social Security payments. The law takes effect January 1, 2027.
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.
