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NH HB1662
Bill
Status
12/12/2025
Primary Sponsor
Chris Muns
Click for details
AI Summary
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Requires the New Hampshire Housing Finance Authority (NHHFA) to offer loan guarantees to approved lenders for accessory dwelling unit (ADU) construction financing for developers and homeowners
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Loan guarantees cover between 80% and 100% loan-to-value based on the appraised value of the completed ADU
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Caps total annual ADU loan guarantees at $100,000,000
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Appropriates $25,000 in FY 2027 and $25,000 in FY 2028 from the General Fund to cover NHHFA's administrative costs for establishing and managing the program
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Takes effect 60 days after passage
Legislative Description
Relative to providing loan guarantees for accessory dwelling unit financing.
Last Action
Inexpedient to Legislate: Motion Adopted Voice Vote 02/05/2026 House Journal 3
2/17/2026