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Committee to recommend 220% rehabilitation threshold to Select Board
Summary
Committee members agreed to propose a substantial-rehabilitation threshold equal to 220% of pre-rehabilitation assessed valuation—matching Dover's approach—and asked staff to provide example assessed values for the designated area.
The advisory committee reviewed Dover’s standard for a substantial rehabilitation threshold and decided to recommend the same approach to the Select Board. Committee members said a 220% pre-rehabilitation assessed-valuation threshold signals a significant renovation and developer commitment and is appropriate to require for RSA 79-E eligibility.
"It was the consensus of the Committee to propose the 220% pre-rehabilitation assessed valuation as the substantial rehabilitation threshold to the Select Board," the minutes record. Andrea Novotney will provide the committee with assessed values from an example block in the designated area so members can judge how the percentage would operate in local cases.
