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Sponsor outlines private-sector Housing Investment Trust option; committee recesses for expert testimony
Summary
Representative Gary Daniels described House Bill 633, a proposal to establish a nonprofit Housing Investment Trust to attract private capital for acquiring and rehabilitating housing; the committee recessed the hearing until April 29 to hear an expert witness.
Representative Gary Daniels, prime sponsor of House Bill 633, told the Senate Commerce Committee the bill proposes a private-sector response to New Hampshire’s housing shortage by enabling a charitable Housing Investment Trust to use private capital for property acquisition and rehabilitation.
Daniels (Hillsborough 43) described the trust as a "501(c)(3)…
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