Bill Text: NH HB1617 | 2016 | Regular Session | Introduced
Bill Title: Relative to funding for housing projects by the New Hampshire housing finance authority.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2016-03-09 - Inexpedient to Legislate: Motion Adopted Voice Vote 03/09/2016 House Journal 23 P. 8 [HB1617 Detail]
Download: New_Hampshire-2016-HB1617-Introduced.html
HB 1617 AS INTRODUCED
2016 SESSION
16-2137
05/10
HOUSE BILL 1617
AN ACT relative to funding for housing projects by the New Hampshire housing finance authority.
SPONSORS: Rep. Sad, Ches. 1; Rep. Flanagan, Hills. 26; Rep. Burt, Hills. 39
COMMITTEE: Commerce and Consumer Affairs
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ANALYSIS
This bill prohibits the New Hampshire housing finance authority from funding a housing project unless a market study supports the need for a housing project in the proposed location.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
16-2137
05/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT relative to funding for housing projects by the New Hampshire housing finance authority.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Housing Finance Authority; Market Study Required. Amend RSA 204-C by inserting after section 8-b the following new section:
204-C:8-c Market Study Required. Before the authority funds a housing project under this chapter, the authority shall conduct a market study to assess the need for a housing project in the proposed location. The authority shall not fund the project unless the study supports the need for the housing project in the community and geographic location in which it will be placed.
2 Effective Date. This act shall take effect 60 days after its passage.
