204-D:1 Definitions. – As used in this chapter: I. "Authority" means the New Hampshire housing finance authority established under RSA 204-C. II. "Committee" means the long range capital planning and utilization committee established under RSA 17-M. III. "Persons of low income" means individuals or families whose gross annual income is equal to 80 percent […]
204-D:2 Transfer of Property. – The provisions of RSA 4:40 notwithstanding, the governor and council may transfer surplus state owned property to the authority for use as sites for low and moderate income housing. Transfer of property for this purpose shall occur under the following procedure: I. The authority shall petition the head of […]
204-D:3 Highway Fund. – I. Surplus property held by the department of transportation which was acquired with highway fund moneys shall be transferred to the authority under the procedures set out in RSA 204-D:2, provided, however, that the authority shall compensate the department for such land in an amount acceptable to the department and […]
204-D:4 Housing Construction. – I. The authority may construct multi-family or single family housing on property transferred under this chapter. II. The authority shall, where reasonably possible given regulatory, economic, and geographic factors, give preference to the construction of multi-family rental housing units on property transferred under this chapter. III. At least 50 percent […]
204-D:5 Limitation on Resale Value. – The authority shall provide for the continued affordability of housing units constructed on state land transferred under this chapter by contracting with the developer or individual mortgagor of such units pursuant to rules adopted under RSA 204-D:6. Source. 1988, 250:2, eff. April 30, 1988.
204-D:6 Rulemaking. – The authority shall adopt rules under RSA 204-C:53 relative to: I. Eligibility requirements for access to housing units constructed under this chapter. II. Application procedures. III. Requirements related to occupancy, resale, and continued affordability of housing units constructed under this chapter. IV. Such other matters necessary for the proper administration of […]
204-D:7 Coordination with Other Programs. – The authority shall establish procedures to ensure that the housing construction program established under this chapter shall be coordinated with other housing assistance programs administered by the authority. Source. 1988, 250:2, eff. April 30, 1988.
