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Loan‑guarantee bill draws support from bankers, caution from fiscal hawks
Summary
HB 14‑05 would authorize the New Hampshire Housing Finance Authority to issue state‑backed loan guarantees (up to 80% of principal) to expand lending for affordable housing projects; lenders and NH Housing supported credit enhancement while some lawmakers worried about taxpayer exposure and asked for caps and rulemaking safeguards.
Rep. Chris Muns introduced HB 14‑05 as a credit‑enhancement measure to encourage lenders to make loans for affordable housing by reducing lender risk. In his description the program provides certificates of guarantee up to 80% of principal on qualified loans, with proposed per‑lender and aggregate caps discussed in testimony.
Lender testimony: Ryan Hale of the New Hampshire Bankers Association (SEG 920) supported the bill as a conservative credit enhancement that can expand access to finance for developers working in the…
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