This bill enables municipalities designated as New Hampshire housing champions to participate in programs administered by the business finance authority. It establishes a new Housing Champion Business Loan Program aimed at fostering growth and job creation in these communities. The bill includes an appropriation of $5,000,000 for the biennium ending June 30, 2027, to support this program, which will be funded through the New Hampshire housing champion designation and grant program fund. The fund is designed to be non-lapsing and continually appropriated to the Department of Business and Economic Affairs.

Key legal changes include the insertion of new language in RSA 12-O:71, allowing municipalities with the housing champion designation to access business finance authority programs, and the addition of RSA 162-A:9-b, which outlines the new loan program. Additionally, the bill removes an erroneous cross-reference in RSA 110-B:73-c, II (e). The act is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 265:143