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Bill to expand 79‑E tax tool draws support from housing advocates
Summary
House Bill 11‑03 would expand eligibility and timing for RSA 79‑E community revitalization tax credits to help convert underused office/commercial buildings and to make housing opportunity zones workable. Nonprofit housing developers and advocates urged passage and proposed aligning workforce housing terms with federal financing windows.
The Senate Commerce Committee heard testimony on House Bill 11‑03, which seeks to expand the state’s Community Revitalization Tax Relief Credit (79‑E) to make conversions and new construction in housing opportunity zones more feasible.
Representative Alan Holland said HB 11‑03 would widen the kinds of buildings eligible…
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