Title XVII, Housing and Redevelopment

Moneys deposited in the fund may be invested by the authority; provided, however, that sufficient funds are made available to grant applications for emergency assistance and the routine flow of regular applications. Income earned from such investment shall be returned to the affo…

The fund shall supplement, not supplant, the responsibility of the authority to address the housing needs of persons of low and moderate income.

Pursuant to RSA 204-C:53, the authority shall adopt rules governing the affordable housing fund. Such rules shall include, but shall not be limited to: I. Eligibility requirements for applicants. II. Criteria for eligible projects, including, but not limited to, construction and …

The purpose of this subdivision is to assist low and moderate income persons and families to purchase, rehabilitate, and improve housing.

There is hereby established a low and moderate income housing loan program to be administered by the New Hampshire housing finance authority which shall make low interest loans to low and moderate income persons for the purpose of assisting them to make down payments on single fa…

I. Such funds as the general court may specifically appropriate from time to time to the authority may be loaned to eligible low and moderate income persons or families for the purpose of making down payments on single family homes, paying closing costs and fees associated with t…

The authority and the low or moderate income person shall enter into a contract providing that if the property is sold, or no longer owner occupied, the loan provided under this program shall be immediately due and payable.

The authority shall review each request for assistance under this subdivision to objectively determine whether such request is primarily for a public purpose and benefit in accordance with RSA 204-C:20.

Pursuant to RSA 204-C:53, the authority shall adopt rules relative to: I. Criteria for eligibility for loans made under this subdivision. II. Application procedures for such loans. III. Interest rates and amount of loans. IV. Procedures for repayment of loans made under this subd…

The authority shall establish procedures to ensure that the loan program established under this subdivision shall be coordinated with programs administered by the authority including but not limited to the other mortgage assistance programs administered by the authority.

Notwithstanding any other provision of law to the contrary, it shall not be nor shall it constitute a conflict of interest for a director, officer or employee of any financial institution, investment banking firm, brokerage firm, commercial bank or trust company, architectural fi…

Moneys appropriated under this subdivision and revenues received from interest payments or loan repayments may be invested by the authority. Income earned from such investment and any interest payments received from loan recipients shall be returned to the program; provided, howe…

The purpose of this subdivision is to assist nonprofit, for-profit, and business child care providers to develop or expand licensed quality child care centers or programs by establishing a guaranteed loan program for such purpose.

In this subdivision: I. "Authority" means the New Hampshire housing finance authority established under this chapter. II. "Child day care agency" means any person, corporation, partnership, or other organization registered with the state as a nonprofit or for-profit child care or…

The authority shall adopt rules, pursuant to its own procedures, relative to: I. The conduct of its business. II. The selection and maintenance of eligible lenders. III. The type of security it shall demand of eligible borrowers. IV. A schedule of fees to be charged for the issua…

I. The authority shall make a good faith effort to approve applications from both nonprofit and for-profit child care organizations and business organizations which currently provide or are planning to provide child care services for their employees, consistent with the minimum c…

Upon application from a lender in such form as the authority may require, the authority may issue, or commit itself to issue, payable solely from the funds provided pursuant to 204-C:79, to the lender or its assigns, a certificate of guarantee equal to 50 percent of the outstandi…

The certificate of guarantee issued by the authority, in the hands of the original lender to whom the certificate was issued, shall be conclusive evidence of its validity for the purposes of this subdivision, except for fraud.

Whenever the authority pays to a lender any sum in discharge of the state's liability as guarantor under this section, the authority shall be to that extent subrogated to the lender's right, title and interest in any security pledged to the loan. Amounts received by the authority…

The authority shall collect from the lender a guarantee fee. Notwithstanding any provision of law to the contrary, such fee may be assessed by the lender against the borrower as a permitted loan charge. The authority shall segregate such fees into a special account subject to wit…

The full faith and credit of the state is pledged to support and redeem the certificates of guarantee issued by the authority. In furtherance of that pledge, the state treasurer shall advance to the authority from available cash in the treasury or from proceeds of bonds or notes …

The authority may: I. Sue and be sued in its own name; II. Have an official seal and alter the same at pleasure; III. Maintain offices at such place within the state as it may designate; IV. Explore all sources of federal funding for housing and housing related projects and progr…

The authority shall publish annually such information on maximum restricted rents, utility allowances, vacancy rates, and capitalization rates as necessary to appraise property pursuant to RSA 75:1-a.

Prior to making a grant or loan of funds to a municipality and at least 14 days prior to acceptance of such funds by the municipality, the authority shall fully disclose in writing to the governing body of the municipality all terms and conditions associated with acceptance of su…

The purpose of this subdivision is to establish a homeless prevention program and a fund therefor to be used to provide housing assistance on behalf of very low income persons and families in order to help them meet their housing costs, thereby preventing homelessness resulting f…

In this subdivision: I. "Fund" means the homeless prevention fund. II. "Housing assistance payments" means rent subsidies, security deposit advances, mortgage assistance payments, and any other shelter cost-related payments made on behalf of very low income households. III. "Mino…

I. There is hereby established within the authority a homeless prevention fund. The fund shall be comprised of donations from private persons or entities, grants, set-asides, and other appropriations authorized by law. All sums from government appropriations or grants shall be cr…

The homeless prevention fund shall be administered so as to promote the following goals and objectives: I. Applications for the benefits provided under this subdivision shall be streamlined so as to enable the authority to provide assistance to the eligible households as quickly …

Moneys deposited into the fund may be invested by the authority. Income earned from such investments shall be returned to the fund, provided, however, that the authority may use up to 10 percent of any such investment income to defray the cost of administering this subdivision.

The authority shall adopt rules, pursuant to RSA 204-C:53, governing the homeless prevention fund. Such rules shall include: I. The nature and extent of the rent subsidy authorized under this subdivision. II. Qualifications of households eligible to receive direct housing assista…

The authority shall ensure that the homeless prevention program supported through the fund is coordinated with other housing assistance programs administered by the authority, the federal government, state agencies, local public authorities, and local governments.

When an individual applies for rental assistance, the authority shall provide the individual with application forms and information about the Link-Up New Hampshire and Lifeline Telephone Assistance programs, shall offer to assist the individual to apply for these programs, and sh…

In this subdivision: I. "Multi-unit" means more than one dwelling unit. II. "Property" means a rental or owner-occupied residential property, or a child care facility licensed under RSA 170-E. III. "Unit" means a single dwelling unit within a structure that contains more than one…

I. There is hereby established within the authority a fund to be used for the purposes of remediating lead paint hazards in housing, to be known as the lead paint hazard remediation fund. The lead paint hazard remediation fund shall be composed of appropriations, gifts, grants, d…

The authority may adopt rules pursuant to its own procedures relative to: I. The conduct of its business; II. The making, purchasing and sale of loans and mortgage loans under this chapter and the application of proceeds of any sale; III. The making of loans to lending institutio…

For a property to be eligible to use the funding under this subdivision, the property shall be: I. An owner-occupied single family home occupied by a household with a child under 6 years or a pregnant woman and where household income is no more than 100 percent of the median inco…

The lead paint hazard remediation fund shall only be used to supplement, but not supplant, existing federal resources. If a property or unit is eligible for federal funding from a program in operation by the authority, or by any state agency or political subdivision, the owner of…

Pursuant to RSA 204-C:53, the authority shall adopt rules governing the distribution the lead paint hazard remediation fund.