NH HB1660

Authorizes municipalities to enter into credit enhancement agreements (CEAs) with developers for qualifying housing projects, allowing rebates of up to 50% of captured property tax value increases without requiring formal tax increment financing district designation

Defines qualifying housing projects as senior housing communities, continuing care retirement communities, skilled nursing facilities, assisted living facilities, workforce housing, and housing addressing documented community needs—excluding condominiums, single-family homes, and luxury developments

Excludes the rebated portion of housing-based captured assessed value from equalized valuation calculations, preventing municipalities from being penalized with inflated state property tax bases when using these incentives

Requires municipalities to demonstrate housing need through master plans, regional assessments, or state guidance before approving CEAs, with agreements limited to 20 years (extendable) and mandatory annual compliance certifications

Creates new senior housing access requirements for municipalities and establishes reporting obligations for local assessors on CEA and TIF-related housing data, with the CEA provisions set to sunset April 1, 2037