This bill introduces a new legal framework for high-density residential development on commercially zoned land in New Hampshire. It mandates that any such development must include a minimum of 50 percent residential units and at least 30 percent of those units must be designated as affordable housing, as defined by federal guidelines. The bill also requires that developers provide amenities such as green spaces or community centers and ensures that adequate infrastructure is in place to support the new development. Municipal planning boards are given the authority to review and approve these projects, ensuring compliance with local regulations.

Additionally, the bill stipulates that developers must submit a community impact assessment to address potential effects on local traffic, schools, and public services, along with strategies for mitigating any adverse impacts. The New Hampshire housing finance authority is tasked with overseeing the implementation and enforcement of these provisions, and municipalities are required to amend their zoning codes to align with the new regulations within one year of the bill's effective date, which is set to be 60 days after passage. The bill inserts new sections into RSA 674, specifically sections 77 through 81, while deleting any conflicting provisions in existing law.

Statutes affected:
Introduced: 100-A:24
As Amended by the House: 100-A:24