Bill > SB82

This bill, titled the Housing Opportunity Project Extension (HOPE) Act, aims to encourage New Hampshire counties and municipalities to create affordable workforce housing by establishing designated "housing opportunity zones" where specific zoning and design requirements will be met, such as smaller lot sizes for single-family homes and community-focused designs with features like sidewalks and front porches. A key provision mandates that all homes built in these zones must be owner-occupied through a deed restriction, preventing large investment companies from buying and renting them out, and requiring municipalities to verify owner occupancy every two years. The state will offer $20 million in grants for infrastructure development like roads and utilities, with limits on how much any single municipality or county can receive, and joint projects can pool funds for larger developments. To further incentivize development, the first transfer of property from a developer to an owner will be exempt from real estate transfer taxes, and large parcels will be exempt from current-use taxes.

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https://gc.nh.gov/bill_Status/billinfo.aspx?id=992&inflect=2