Amendment 2025-0728s to SB86 (2025)

Relative to the housing finance authority's affordable housing guarantee program.


Revision: March 5, 2025, 8:22 a.m.

Senate Commerce

March 4, 2025

2025-0728s

07/05

 

 

Amendment to SB 86-FN

 

Amend RSA 204-C:95, II(a) as inserted by section 1 of the bill by replacing it with the following:

 

(a)  Register with the secretary of state as a private, nonprofit or for-profit entity, or be a municipal housing authority or the housing finance authority.

 

Amend RSA 204-C:96 as inserted by section 1 of the bill by replacing it with the following:

 

204-C:96  Guarantee.  Upon application from a lender, in such form as the authority may require, the authority may issue, or commit itself to issue to the lender or its assigns, a certificate of guarantee equal to 80 percent of the principal due on the loan.  In no instance shall any loan principal guaranteed under this section exceed $30,000,000 per lender per fiscal year.  The aggregate amount of loans guaranteed under this section shall not exceed $300,000,000 at any time.

 

Amend the bill by replacing all after section 1 with the following:

 

2  Prospective Repeal; 2030.  RSA 204-C:93 through 204-C:98, relative to the affordable housing guaranteed loan program, is repealed.

3  Effective Date.

I.  Section 2 of this act shall take effect on July 1, 2030.

II.  This remainder of this act shall take effect 60 days after its passage.