Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate Commerce hearing advances proposal to boost Affordable Housing Fund with ongoing transfer-tax allocation and $25M one-time appropriation
Summary
Senate Commerce opened a hearing on Senate Bill 81, a measure to increase the annual real-estate transfer-tax allocation to the Affordable Housing Fund from $5 million to $10 million and to provide a one-time $25 million appropriation.
Senate Commerce opened a hearing on Senate Bill 81, a measure to increase the portion of the real estate transfer tax dedicated to New Hampshire’s Affordable Housing Fund and to authorize a one-time $25 million appropriation to the fund.
The bill’s sponsor, Senator Innis, chair of the Senate Commerce Committee, told the committee the proposal would “increase the amount of funds that are coming out of the real estate transfer tax into the affordable housing fund” from $5,000,000 annually to $10,000,000 and would provide a $25,000,000 one-time appropriation. He framed the bill as a response to a persistent shortage of housing and rising prices across the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
