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1 New Paragraph; Department of Business and Economic Affairs; New Hampshire Housing Champion Designation and Grant Program. Amend RSA 12-O:71 by inserting after paragraph VI the following new paragraph:
VI-a. Municipalities that receive the New Hampshire housing champion designation shall be eligible for the program administered by the business finance authority under RSA 162-A:9-b.
2 New Section; Housing Champion Business Loan Program. Amend RSA 162-A by inserting after section 9-a the following new section:
162-A:9-b Housing Champion Business Loan Program.
I. The authority shall establish a revolving low-interest rate business loan program to encourage growth and job creation in communities that receive the New Hampshire housing champion designation. Funds available under this program are provided by funds appropriated to the authority for this purpose.
II. The authority may only provide a loan to a given business under this program after review and approval of the proposed loan by the board of directors of the authority.
3 Appropriation; Department of Business and Economic Affairs; New Hampshire Housing Champion and Grant Program. The sum of $5,000,000 is hereby appropriated for the biennium ending June 30, 2027, to the department of business and economic affairs for deposit in the New Hampshire housing champion designation and grant program fund established under RSA 12-O:74. The appropriation shall be nonlapsing. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
4 Appropriation; New Hampshire Business Finance Authority; Housing Champions Business Loan Program. The sum of $1,000,000 is hereby appropriated for the biennium ending June 30, 2027 to the New Hampshire business finance authority for the purpose of funding the housing champions business loan program established under RSA 162-A:9-b. The appropriation shall be nonlapsing. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
5 Obsolete Cross Reference Removed; Public Defense and Veterans' Affairs; Department of Military Affairs and Veterans Services; End Veterans Homelessness Program. Amend RSA 110-B:73-c, II (e) to read as follows:
(e) Connecting veterans experiencing homelessness to health, mental health, employment, entrepreneurship, and training resources through the services described under RSA 162-A:9-b, RSA 282-A:117-b, RSA 282-A:117-c, RSA 110-B:73-a, RSA 110-B:73-b, RSA 153-A:20, XXV, RSA 187-A:20-d, RSA 188-F:16-b, RSA 326-B:9, XIII, and RSA 328-D:10, I(j).
6 Effective Date. This act shall take effect July 1, 2025.
Text to be added highlighted in green.
1 New Paragraph; Department of Business and Economic Affairs; New Hampshire Housing Champion Designation and Grant Program. Amend RSA 12-O:71 by inserting after paragraph VI the following new paragraph:
VI-a. Municipalities that receive the New Hampshire housing champion designation shall be eligible for the program administered by the business finance authority under RSA 162-A:9-b.
2 New Section; Housing Champion Business Loan Program. Amend RSA 162-A by inserting after section 9-a the following new section:
162-A:9-b Housing Champion Business Loan Program.
I. The authority shall establish a revolving low-interest rate business loan program to encourage growth and job creation in communities that receive the New Hampshire housing champion designation. Funds available under this program are provided by funds appropriated to the authority for this purpose.
II. The authority may only provide a loan to a given business under this program after review and approval of the proposed loan by the board of directors of the authority.
3 Appropriation; Department of Business and Economic Affairs; New Hampshire Housing Champion and Grant Program. The sum of $5,000,000 is hereby appropriated for the biennium ending June 30, 2027, to the department of business and economic affairs for deposit in the New Hampshire housing champion designation and grant program fund established under RSA 12-O:74. The appropriation shall be nonlapsing. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
4 Appropriation; New Hampshire Business Finance Authority; Housing Champions Business Loan Program. The sum of $1,000,000 is hereby appropriated for the biennium ending June 30, 2027 to the New Hampshire business finance authority for the purpose of funding the housing champions business loan program established under RSA 162-A:9-b. The appropriation shall be nonlapsing. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
5 Obsolete Cross Reference Removed; Public Defense and Veterans' Affairs; Department of Military Affairs and Veterans Services; End Veterans Homelessness Program. Amend RSA 110-B:73-c, II (e) to read as follows:
(e) Connecting veterans experiencing homelessness to health, mental health, employment, entrepreneurship, and training resources through the services described under RSA 282-A:117-b, RSA 282-A:117-c, RSA 110-B:73-a, RSA 110-B:73-b, RSA 153-A:20, XXV, RSA 187-A:20-d, RSA 188-F:16-b, RSA 326-B:9, XIII, and RSA 328-D:10, I(j).
6 Effective Date. This act shall take effect July 1, 2025.