NH HB1405

Establishes an affordable housing guarantee program within the New Hampshire Housing Finance Authority to promote housing for low- and moderate-income residents, defined as those earning 50-80% of state median income

Authorizes the authority to guarantee up to 80% of loan principal for lenders providing financing for affordable housing development or preservation

Limits guaranteed loans to $30 million per lender per fiscal year, with a total statewide cap of $300 million in outstanding guarantees at any time

Pledges the full faith and credit of New Hampshire to back the loan guarantees, creating potential state liability of up to $300 million if defaults occur

Estimated administrative costs of $20,000 in FY 2027 and $15,000 annually thereafter, funded by the General Fund with plans to offset costs through lender fees