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Lawmakers hear pitch for a Housing Investment Trust to expand workforce housing without state dollars
Summary
Rep. Gary Daniels and policy designers presented HB 633, a proposal to authorize a charitable 'housing investment trust' under RSA 293‑B to acquire, preserve and rotate workforce housing units using private capital and a revolving loan fund. Sponsors said the model would keep entry‑level homes affordable to successive households; lawmakers asked
House Bill 633 would add a statutory definition and enabling language for a new charitable vehicle called a Housing Investment Trust, intended to use private capital and a revolving loan fund to acquire, renovate and preserve workforce housing in New Hampshire without direct state appropriations.
Representative Gary Daniels introduced the concept as a privately funded effort to increase supply and preserve affordability. "The Housing Investment Trust," he said, "addresses this issue by utilizing private investments to acquire properties and provide families with flexible financing options." He said sponsors do not plan to use taxpayer dollars and that the structure…
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