NH HB1764

Department of Business and Economic Affairs must establish annual workforce housing targets for each municipality over 10 years, based on developable land, infrastructure access, proximity to employment, and existing housing stock

Municipalities achieving less than 50% of cumulative workforce housing targets beginning January 1, 2028 must partner with the state and regional planning commissions to review zoning ordinances and identify impediments, though implementation of recommendations remains voluntary

Special property tax assessments apply to underperforming municipalities on properties valued at $1.5 million and above, with tiered rates from $1 to $3 per $1,000 of assessed value depending on property value

Assessment proceeds fund a new Workforce Housing Revolving Loan Fund offering below-market-rate loans to developers of multi-family workforce housing and municipalities for infrastructure upgrades tied to housing projects

Statewide cumulative housing targets set at 125% of projected annual workforce housing need to account for anticipated underperformance; effective date April 1, 2026