This bill amends RSA 204-D to establish clearer definitions and procedures related to eligible housing and the transfer of surplus state-owned property for housing development. Key insertions include definitions for "eligible housing," "eligible person," "mixed income housing," and updated income thresholds for low and moderate-income households. Specifically, "persons of low income" are defined as those earning 80% or less of the median income, while "persons of moderate income" are defined as those earning between 80% and 140% of the median income. The bill also introduces a new term, "transferred property," referring to state-owned property transferred to the New Hampshire housing finance authority for eligible housing development.

The bill outlines a process for transferring surplus state-owned property to the housing authority, including notification procedures and criteria for determining property suitability. It mandates that the authority ensure continued affordability of housing units through recorded restrictions and requires reporting on the use of transferred properties. Additionally, the authority is tasked with adopting rules governing various aspects of housing development, including income eligibility, occupancy, and resale standards. The bill will take effect on July 1, 2026.

Statutes affected:
Introduced: 204-D:1
HB1713 text: 204-D:1