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1 Real Estate Transfer Tax; Distribution of Funds; Affordable Housing Fund. Amend RSA 78-B:13, III to read as follows:
III. Annually, on or before October 1, the commissioner shall direct the state treasurer to transfer the sum of $5,000,000 from revenue collected pursuant to the tax imposed by RSA 78-B:1 to the affordable housing fund established in RSA 204-C:57.
2 Appropriation.
I. The sum of $25,000,000 for the biennium ending June 30, 2027 is hereby appropriated to the New Hampshire housing finance authority for deposit in the affordable housing fund established in RSA 204-C:57 for the administration of RSA 204-C. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
3 Repeal. RSA 204-C:59, I, relative to fees paid to the authority from the development of qualified residential rental projects, is repealed.
4 Effective Date. This act shall take effect July 1, 2025.
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1 Real Estate Transfer Tax; Distribution of Funds; Affordable Housing Fund. Amend RSA 78-B:13, III to read as follows:
III. Annually, on or before October 1, the commissioner shall direct the state treasurer to transfer the sum of $10,000,000 from revenue collected pursuant to the tax imposed by RSA 78-B:1 to the affordable housing fund established in RSA 204-C:57.
2 Appropriation.
I. The sum of $25,000,000 for the biennium ending June 30, 2027 is hereby appropriated to the New Hampshire housing finance authority for deposit in the affordable housing fund established in RSA 204-C:57 for the administration of RSA 204-C. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
3 Repeal. RSA 204-C:59, I, relative to fees paid to the authority from the development of qualified residential rental projects, is repealed.
4 Effective Date. This act shall take effect July 1, 2025.