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Bill would expand financing tools and local options to boost flood resilience across coastal and inland communities
Summary
Representative Chris Munns said HB 595 would give towns and homeowners new financing and tax tools — including R‑PACE, municipal credits/exemptions and a resilience fund — to encourage property‑level flood mitigation.
CONCORD — Representative Chris Munns opened testimony on House Bill 595 by saying climate‑driven increases in heavy precipitation and sea‑level rise are raising repair costs and long‑term risk for coastal and inland communities. He described a four‑part approach that would expand financing and local incentives for household and municipal flood resiliency work.
Munns, who represents Hampton, said the bill would add “flood resiliency improvements” to qualifying projects eligible for the commercial Property Assessed Clean Energy program (C‑PACE) and create a residential PACE (R‑PACE) option to extend low‑cost, long‑term financing for resiliency and energy projects to homeowners. The bill also would authorize municipalities to offer a property‑tax exemption equal to the…
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