relative to the housing finance authority's affordable housing guarantee program.

Summary

The bill would let the New Hampshire Housing Finance Authority issue guarantees covering up to 80% of a loan’s principal for projects that provide affordable homes to very‑low, low, or moderate‑income households. It sets eligibility rules for lenders and borrowers, caps guarantees at $30 million per lender each fiscal year and $300 million overall, and pledges the state’s credit to back the guarantees. The measure failed to advance and was declared “inexpedient to legislate.”

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share