SB 518-FN - AS AMENDED BY THE SENATE
02/15/2024 0518s
2024 SESSION
24-3115
06/10
SENATE BILL 518-FN
AN ACT relative to incentivizing landlords to accept housing choice vouchers.
SPONSORS: Sen. Fenton, Dist 10; Sen. Watters, Dist 4; Sen. Perkins Kwoka, Dist 21; Sen. Prentiss, Dist 5; Sen. Altschiller, Dist 24; Sen. D'Allesandro, Dist 20; Rep. Alexander Jr., Hills. 29
COMMITTEE: Commerce
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ANALYSIS
This bill establishes a landlord housing incentive program and fund. This bill makes an appropriation to implement the fund.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
02/15/2024 0518s 24-3115
06/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to incentivizing landlords to accept housing choice vouchers.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subdivision; Landlord Housing Incentive Program. Amend RSA 204-C by inserting after section 92 the following new subdivision:
Landlord Housing Incentive Program
204-C:93 Definitions. In this subdivision:
I. “Housing choice voucher” means the same as described in Title 24 C.F.R. part 982.
II. “Voucher recipient” means a household that has been awarded a housing choice voucher by the New Hampshire housing finance authority or by a public housing authority, as well as households that may benefit from other rental assistance programs determined by the authority to be similar to the housing choice voucher program.
III. “Housing unit” means a unit that meets the United States Department of Housing and Urban Development’s (HUD) housing quality standards for housing choice vouchers, or successor system, and that meets voucher payment standards, subject to New Hampshire housing finance authority or public housing authority exceptions, as well as units that meet the standards of other rental assistance programs determined by the authority to be similar to the housing choice voucher program.
204-C:94 Program Established; Landlord Housing Incentive Fund Established. There is hereby established within the authority a program to encourage more landlords to lease housing units to voucher recipients and to assist voucher recipients with costs associated with securing a lease for a housing unit, including but not limited to security deposits. The program is to be known as the landlord housing incentive program. Public housing authorities, including non-profit organizations that demonstrate a commitment to housing, may elect to participate in the program at their discretion, and the authority may make grants to them for the purposes of establishing their own landlord incentive programs.
I. There is hereby established within the authority a fund to be used for the landlord housing incentive program providing financial incentives to residential landlords to rent housing units to voucher recipients and to provide training and support to voucher recipients. The landlord housing incentive fund shall be composed of appropriations, gifts, grants, donations, bequests, or other moneys from any public or private source, but such revenues shall not be deemed to be money received from the state, and nothing in this subdivision shall be construed as pledging the faith and credit of the state.
II. The authority may use the landlord incentive fund to make grants to landlords who agree to lease housing units to voucher recipients and to assist voucher recipients with costs associated with securing a lease for a housing unit, including but not limited to security deposits. The authority may use the fund to provide training and support to voucher recipients. The authority shall establish a program for administration of the landlord incentive fund.
III. The authority may annually use up to 10 percent of any funds in the landlord housing incentive fund for program administration, which may include reimbursements to public housing authorities and non-profit organizations for their administrative costs.
204-C:95 Eligibility. For a landlord to be eligible to receive a grant from the landlord housing incentive fund, the housing unit to be leased to a voucher recipient must not have been leased to any recipient of a housing choice voucher within the preceding three years, unless the property has changed ownership during that time and the current owner does not have any financial connection to the prior owner. The authority may further limit landlord eligibility to those landlords who have not previously rented a housing unit to a voucher recipient.
204-C:96 Rulemaking. Pursuant to RSA 204-C:53, the authority shall adopt rules governing the distribution of the landlord incentive fund. Such rules may include, but shall not be limited to, grant maximums and limits on landlord eligibility, standards for program participation by public housing authorities and non-profit organizations, and other rules deemed appropriate by the authority.
2 Appropriation; Landlord Housing Incentive Fund. The sum of $1,000,000 for the fiscal year 2025 is hereby appropriated to the housing finance authority for deposit in the landlord incentive fund established in RSA 204-C:94. The appropriations shall be in addition to any other funds appropriated to the housing finance authority. The governor is authorized to draw a warrant for said sums out of any money in the treasury not otherwise appropriated.
3 Effective Date. This act shall take effect July 1, 2024.
24-3115
Amended 2/15/24
SB 518-FN- FISCAL NOTE
AS AMENDED BY THE SENATE (AMENDMENT #2024-0518s)
AN ACT relative to incentivizing landlords to accept housing choice vouchers.
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
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Estimated State Impact - Increase / (Decrease) | ||||||
| FY 2024 | FY 2025 | FY 2026 | FY 2027 | ||
Revenue | $0 | $0 | Indeterminable | Indeterminable | ||
Revenue Fund(s) | Landlord Housing Incentive Fund | |||||
Expenditures | $0 | Indeterminable Increase from LHI/ $1,000,000 GF | Indeterminable | Indeterminable | ||
Funding Source(s) | General Fund Landlord Housing Incentive Fund (LHI) | |||||
Appropriations | $0 | $1,000,000 | $0 | $0 | ||
Funding Source(s) | General Fund | |||||
• Does this bill provide sufficient funding to cover estimated expenditures? [X] Yes • Does this bill authorize new positions to implement this bill? [X] N/A | ||||||
METHODOLOGY:
This bill establishes the Landlord Housing Incentive Program within the New Hampshire Housing Finance Authority. Within the program the Landlord Housing Incentive (LHI) Fund is to be created to aid the Landlord Housing Incentive Program, offering financial incentives to residential landlords to rent housing units to voucher recipients and to provide training and support to voucher recipients. This fund will be composed of appropriations, gifts, grants, donations, bequests, or other moneys from any public or private source, and doesn't commit the State's faith or credit. The Authority may use up to 10% annually of the new fund for their administrative costs. Additionally, the Housing Finance Authority is appropriated $1,000,000 of General Funds to be deposited into the LHI Fund for fiscal year 2025. It is not known if additional General Funds or other funding sources will be deposited into the LHI Fund in FY 2026 and each year thereafter.
AGENCIES CONTACTED:
None
| Date | Amendment |
|---|---|
| Feb. 6, 2024 | 2024-0518s |
| Date | Body | Type |
|---|---|---|
| Jan. 16, 2024 | Senate | Hearing |
| Feb. 15, 2024 | Senate | Floor Vote |
| Feb. 15, 2024 | Senate | Floor Vote |
April 5, 2024: Refer to Interim Study, MA, VV; 04/05/2024; SJ 8
March 21, 2024: Committee Report: Referred to Interim Study, 04/05/2024, Vote 7-0; SC 13
Feb. 15, 2024: Ought to Pass with Amendment 2024-0518s, MA, VV; Refer to Finance Rule 4-5; 02/15/2024; SJ 4
Feb. 15, 2024: Committee Amendment # 2024-0518s, AA, VV; 02/15/2024; SJ 4
Feb. 9, 2024: Committee Report: Ought to Pass with Amendment # 2024-0518s, 02/15/2024; Vote 5-0; CC; SC 7
Feb. 6, 2024: Committee Report: Ought to Pass with Amendment #2024-0518s, 02/15/2024; Vote 5-0; CC; SC 7
Jan. 4, 2024: Hearing: 01/16/2024, Room 100, SH, 09:30 am; SC 2
Dec. 14, 2023: To Be Introduced 01/03/2024 and Referred to Commerce; SJ 1