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Committee hears testimony on raising condominium-exemption threshold from 10 to 50 units
Summary
SB 415 would raise the condominium-act exemption threshold from 10 to 50 units to ease regulatory burden on small developers. Housing advocates support the change to spur modest condo construction; the attorney general warns it would eliminate most AG review and urged narrower fixes.
Senate Bill 415 would raise the threshold in New Hampshire's condominium statute that exempts small condominium projects from attorney general review, increasing the exemption from 10 units to 50. Proponents said the change would make it easier for small developers to build for-sale condo projects and help address the state's housing shortage. "This legislation revitalizes condo construction in New Hampshire by reducing the barriers which prevent the construction of small…
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