Bill > HB1661

This bill directs the New Hampshire Housing Finance Authority to establish a Community Heroes Program that provides financial assistance to support homeownership for essential workers. Specifically, the program will offer assistance to workers in critical professions, including healthcare workers, daycare and elder care workers, law enforcement officers, firefighters, first responders, educators, and active military service members. The bill provides an annual appropriation of $1,500,000 to the affordable housing fund, with the stipulation that no more than 10% can be used for administrative expenses. Additionally, there is a one-time appropriation of $750,000 for fiscal year 2027 to expand the initiative. The program's specific eligibility requirements will be defined through rulemaking by the Housing Finance Authority. The bill's provisions will take effect on July 1, 2028, with the remainder of the act becoming effective 60 days after its passage. This initiative aims to support essential workers by making homeownership more accessible through targeted financial assistance.

Housing and Urban Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=2086&inflect=2