1 New Paragraphs; Disposal of Real Estate. Amend RSA 4:40 by inserting after paragraph V the following new paragraphs:

VI. Each state agency as defined in RSA 5-D:1, IV shall, as part of its development of the biennium state budget, identify all state-owned property under its jurisdiction that is, in its judgment, suitable for development or redevelopment as affordable housing, as defined in RSA 204-C:56, I. The department shall adopt guidelines to assist agencies in determining the suitability of state-owned property.

VII. Notwithstanding the provisions of RSA 4:40, III, and III-a, state-owned property so identified may be made available to qualified developers at below market rates, subject to competitive solicitation, with the requirement that at least 20 percent of the housing units to be developed or redeveloped on such property will be affordable to low- and moderate-income households for a period of not less than 20 years. The department shall convey such property with the necessary covenants and restrictions to ensure that the property is used for the purpose development or redevelopment as affordable housing as defined in RSA 204-C:56, I. For the purposes of these section "qualified developers" means a person or legal entity that can demonstrate to the state the financial, technical and managerial capability to engage in the re-development, development or construction of housing.

VIII. Any state agency that identifies and disposes of unused or underutilized state property for residential development in compliance with this section shall retain any revenue, proceeds, or budgetary credit associated with such property for one additional budget cycle following the disposition.

IX. The department, as part of the existing housing planning and regulation municipal grant program established in RSA 12-O:72, shall prioritize grant applications from municipalities that collaborate with state agencies in the identification and rezoning of state property for housing development compliant with this section.

2 Effective Date. This act shall take effect 60 days after its passage.

1 New Paragraphs; Disposal of Real Estate. Amend RSA 4:40 by inserting after paragraph V the following new paragraphs:

VI. Each state agency as defined in RSA 5-D:1, IV shall, as part of its development of the biennium state budget, identify all state-owned property under its jurisdiction that is, in its judgment, suitable for development or redevelopment as affordable housing, as defined in RSA 204-C:56, I. The department shall adopt guidelines to assist agencies in determining the suitability of state-owned property.

VII. Notwithstanding the provisions of RSA 4:40, III, and III-a, state-owned property so identified may be made available to qualified developers at below market rates, subject to competitive solicitation, with the requirement that at least 20 percent of the housing units to be developed or redeveloped on such property will be affordable to low- and moderate-income households for a period of not less than 20 years. The department shall convey such property with the necessary covenants and restrictions to ensure that the property is used for the purpose development or redevelopment as affordable housing as defined in RSA 204-C:56, I. For the purposes of these section "qualified developers" means a person or legal entity that can demonstrate to the state the financial, technical and managerial capability to engage in the re-development, development or construction of housing.

VIII. Any state agency that identifies and disposes of unused or underutilized state property for residential development in compliance with this section shall retain any revenue, proceeds, or budgetary credit associated with such property for one additional budget cycle following the disposition.

IX. The department, as part of the existing housing planning and regulation municipal grant program established in RSA 12-O:72, shall prioritize grant applications from municipalities that collaborate with state agencies in the identification and rezoning of state property for housing development compliant with this section.

2 Effective Date. This act shall take effect 60 days after its passage.