Bill Text - HB1617 (2016)

Relative to funding for housing projects by the New Hampshire housing finance authority.


Revision: March 8, 2016, midnight

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HB 1617 AS INTRODUCED

 

2016 SESSION

\t16-2137

\t05/10

 

HOUSE BILL\t1617

 

AN ACT\trelative to funding for housing projects by the New Hampshire housing finance authority.

 

SPONSORS:\tRep. Sad, Ches. 1; Rep. Flanagan, Hills. 26; Rep. Burt, Hills. 39

 

COMMITTEE:\tCommerce and Consumer Affairs

 

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ANALYSIS

 

\tThis bill prohibits the New Hampshire housing finance authority from funding a housing project unless a market study supports the need for a housing project in the proposed location.

 

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Explanation:\tMatter added to current law appears in bold italics.

\t\tMatter removed from current law appears [in brackets and struckthrough.]

\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.

\t16-2137

\t05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Sixteen

 

AN ACT\trelative to funding for housing projects by the New Hampshire housing finance authority.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

\t1  New Section; Housing Finance Authority; Market Study Required.  Amend RSA 204-C by inserting after section 8-b the following new section:

\t204-C:8-c  Market Study Required.  Before the authority funds a housing project under this chapter, the authority shall conduct a market study to assess the need for a housing project in the proposed location.  The authority shall not fund the project unless the study supports the need for the housing project in the community and geographic location in which it will be placed.

\t2  Effective Date.  This act shall take effect 60 days after its passage.