Bill > HB1145

This bill authorizes municipalities in New Hampshire to establish affordable housing investment fees, which are financial assessments charged to developers when new construction or land use changes do not meet local inclusionary zoning requirements. These fees must be collected separately from the municipality's general fund and can only be used to support affordable housing initiatives through specific entities like the New Hampshire Housing Finance Authority, community development finance authority, municipal housing authorities, or qualified non-profit organizations. The fees would be assessed during planning board approval of subdivision or site plans, or prior to issuing building permits, and collected when a certificate of occupancy is issued. Municipalities must maintain transparency by preparing an annual report detailing all affordable housing investment fee revenues and expenditures within 60 days of the fiscal year's end. The bill also provides for potential fee waivers and establishes an appeals process for decisions related to these fees. While the fiscal impact is considered indeterminable, the New Hampshire Municipal Association estimates potential revenue increases of over $100,000 per municipality and administrative costs of less than $10,000, with any fiscal effects expected to occur after fiscal year 2026.

Housing and Urban Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1533&inflect=2