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NH HB1786
Bill
Status
12/17/2025
Primary Sponsor
Chris Muns
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AI Summary
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Imposes a semi-annual state assessment of $2.50 per $500 on residential properties valued over $1 million that are not used as a primary residence for at least 183 days per year, with proceeds estimated at $31 million+ annually beginning FY 2028
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Appropriates $15 million to the state workforce innovation fund for building trades training, apprenticeships, tuition assistance, and supplemental apprentice wages
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Expands Community Development Finance Authority investment tax credits in phases from $2.5 million additional in FY 2026-2027 up to $10 million additional in FY 2032-2033, exclusively for housing and housing-related infrastructure projects
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Establishes a multi-stakeholder commission to study leveraging state borrowing power for below-market housing and infrastructure financing, with recommendations due by August 1, 2027
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Creates grant programs for municipalities designated as "housing champions," including funding for demolition of vacant buildings, housing infrastructure, and regional planning commission housing assessments, with allocations ranging from $250,000 to $14.5 million annually across various programs
Legislative Description
Relative to creating a state assessment on non-homestead luxury second homes to fund statewide housing development programs and address housing shortages and making appropriations therefor.
Last Action
Remove from Table (Rep. Gallager):MF Regular Calendar 100-236 03/11/2026 House Journal 7
3/11/2026