NH SB82

Counties and municipalities may establish housing opportunity zones for affordable workforce housing, allowing single-family homes on 1/10 acre lots, condominiums, and multifamily units with minimum requirements of 30 single-family homes or 40 condominium units per project.

The state would provide $20 million in infrastructure grants (roads, water, sewer), capped at $1 million per municipality and $5 million per county, though the bill does not identify a funding source or appropriation.

All homes must be owner-occupied through deed restrictions to prevent purchases by real estate investment trusts, with municipalities required to verify ownership every 2 years.

The first property transfer from developer to owner would be exempt from real estate transfer taxes, and parcels over 10 acres would be exempt from current-use taxes.

Counties or municipalities would act as developers, managing projects and overseeing permitting, with any profits potentially offsetting property taxes or funding infrastructure.