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Senate hears bill to authorize housing loan guarantees to leverage private capital for affordable housing
Summary
Senate Bill 86 would allow the New Hampshire Housing Finance Authority to guarantee a portion of multifamily loans to lower financing costs and spur affordable housing development. Proponents including lenders, nonprofit lenders and housing advocates told the Commerce Committee the program could unlock otherwise stalled projects.
Sen. Rebecca Perkins Quoca opened the hearing on Senate Bill 86 by saying the measure would give the state a low‑cost economic tool to back multifamily loan guarantees and encourage private investment in affordable housing. "This bill can make the ability to use public dollars to leverage private ones while at the same time showing up as a contingent liability on our balance sheet," Perkins Quoca said.
The bill would authorize New Hampshire Housing or a similar authority to guarantee a portion of a loan—witnesses described up to 80%…
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