Amendment 2024-1115h to HB1545 (2024)

Relative to the disposal of state surplus property for affordable housing.

Revision: March 18, 2024, 1:50 p.m.

Rep. Mangipudi, Hills. 11

March 13, 2024





Amendment to HB 1545


Amend the bill by replacing section 1 with the following:


1  New Paragraph; Disposal of Real Estate; Sale or Lease of Property for Affordable Housing.  Amend RSA 4:40 by inserting after paragraph III-a the following new paragraph:

III-b.  Notwithstanding paragraph III, the subject property may be transferred pursuant to RSA 204-D at less than fair market value, as determined by the governor and council, if the property will be transferred to a nonprofit entity for the construction and development of affordable housing, as defined in RSA 204-C:56, I.  The state agency shall convey such property with the necessary covenants and restrictions to ensure that the property is used for such purpose consistent with RSA 204-D.