Press Release
For Immediate Release
July 17, 2008
Contact:
Communications Director
Office of the Governor
603-271-2121
Governor Lynch Signs Housing Bills
CONCORD - Gov. John Lynch today signed several pieces of legislation aimed at encouraging more affordable housing for New Hampshire families.
“Every family in New Hampshire deserves a safe and healthy home. Homeownership not only fosters pride, it helps build communities, a stronger workforce and a stronger economy,” Gov. Lynch said. “Unfortunately, we know many families are increasingly finding themselves priced out of the New Hampshire housing market. We understand the importance of finding homes for our hard-working families and that is why we are taking steps to help New Hampshire families find homes to call their own.”
Gov. Lynch signed House Bill 1442, which simplifies and creates greater fairness in the Low Income Tax Credit Program, and will expand workforce housing options in New Hampshire; House Bill 1259, which authorizes municipalities to create housing commissions and revolving funds for the purpose of creating workforce housing; and Senate Bill 342, which creates an expedited appeals process for workforce housing developers facing legal challenges.
“Creating greater opportunities for affordable workforce housing here in New Hampshire is important to our families, our businesses and our economy,” Gov. Lynch said.
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References:
1)
SB 342 requires municipalities to provide reasonable and realistic opportunity for workforce housing
2)
HB 1259 empowers municipalities to establish local housing commissions and housing funds
3) HB 1442 establishes an assessment method for low income housing tax credit properties IF taxpayer elects to be assessed under the formula.
Press Coverage:
Union Leader
New laws will allow more workforce housing
Nashua Telegraph
N.H. becoming more affordable place to live
Concord Monitor
Lynch signs 3 bills on cheaper housing
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