This bill mandates state agencies to identify surplus state-owned properties suitable for affordable housing development and allows these properties to be conveyed to qualified developers at below-market rates. Specifically, it introduces new paragraphs to RSA 4:40, which require each state agency to assess its properties for potential affordable housing projects and to adopt guidelines for this assessment. The bill stipulates that at least 20% of the housing units developed on these properties must be affordable for low- and moderate-income households for a minimum of 20 years. Additionally, it allows state agencies to retain revenue from the sale of such properties for one additional budget cycle and prioritizes grant applications from municipalities that work with state agencies on housing development.

The bill also includes provisions for the Department of Administrative Services to facilitate the identification and rezoning of state properties for housing development. It is expected to generate limited revenue, with estimates suggesting less than $100,000 annually due to the scarcity of suitable properties. However, it may lead to increased state expenditures as additional staff or contractors may be needed to evaluate properties and manage the development process. Local municipalities collaborating with state agencies may incur minor costs, primarily related to staffing or contractor support. Overall, the bill aims to promote affordable housing by leveraging unused state land while ensuring long-term affordability for low- and moderate-income households.

Statutes affected:
Introduced: 4:40
HB1726 text: 4:40