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Bill > HB1786
NH HB1786
NH HB1786Relative to creating a state assessment on non-homestead luxury second homes to fund statewide housing development programs and address housing shortages and making appropriations therefor.
summary
Introduced
12/17/2025
12/17/2025
In Committee
12/17/2025
12/17/2025
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This bill: I. Establishes a framework to expand affordable housing and housing-related infrastructure through financing, tax credits, workforce development, and municipal incentives. II. Establishes a multi-stakeholder commission to study how to leverage the state’s borrowing power to provide below-market financing for housing and infrastructure, including recommendations for a dedicated investment fund. III. Expands the community development finance authority’s investment tax credit program in phased amounts from FY 2026 to FY 2033, exclusively for housing and housing-related infrastructure projects. IV. Offsets the expanded tax credits by transferring equivalent revenue from a new luxury second home state assessment. V. Appropriates $15 million to the state workforce innovation fund to support building trades training, apprenticeships, tuition assistance, and supplemental apprentice wages. VI. Provides designated municipalities with access to grants, loans, expedited approvals, and financing tools to encourage housing production and infrastructure development. VII. Creates a nonlapsing fund to support municipal demolition of vacant or dilapidated buildings, administered by the department of business and economic affairs. VIII. Establishes a fund to assist regional planning commissions in updating housing needs assessments and fair share models. IX. Imposes a semi-annual assessment on residential properties over $1 million not used as a primary residence, with proceeds allocated to multiple housing-related programs and planning efforts
AI Summary
This bill, named the "Fair Chance for Everyone Housing Development Act", aims to address New Hampshire's housing shortage by creating a comprehensive strategy involving multiple approaches. The bill establishes a multi-stakeholder commission to study ways of leveraging state borrowing power for below-market housing financing, creates a new semi-annual assessment on residential properties over $1 million that are not primary residences (at $2.50 per $500 of assessed value), and expands investment tax credits for housing-related infrastructure projects. The legislation appropriates $15 million to a workforce innovation fund to support building trades training, apprenticeships, and tuition assistance, and provides incentives for municipalities to become "housing champions" by offering grants, expedited approvals, and access to low-cost financing. Additionally, the bill creates two new funds: a municipal demolition grant program to help cities remove vacant or dilapidated buildings, and a regional planning commission fund to support housing needs assessments. The overall goal is to help the state produce an estimated 60,000 additional housing units by 2030, addressing what is described as one of the most critical challenges facing New Hampshire. The bill is designed to provide financial tools, workforce development support, and municipal incentives to encourage housing development across the state.
Committee Categories
Housing and Urban Affairs
Sponsors (12)
Chris Muns (D)*,
Debra Altschiller (D),
Efstathia Booras (D),
Erica deVries (D),
Karen Hegner (D),
Allan Howland (D),
Connie Lane (D),
David Paige (D),
Rebecca Perkins Kwoka (D),
David Preece (D),
Ellen Read (D),
Laurel Stavis (D),
Last Action
Lay HB1786 on Table (Rep. Alexander Jr.): Motion Adopted Regular Calendar 189-158 02/19/2026 House Journal 5 (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://gc.nh.gov/bill_Status/billinfo.aspx?id=2133&inflect=2 |
| BillText | https://gc.nh.gov/bill_status/legacy/bs2016/billText.aspx?sy=2026&id=2133&txtFormat=html |
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