NH House Testimony

HB530

House · 2025 sessionDemocraticDied in House

More transfer tax funds for affordable housing

AI

Increases the amount of revenue transferred to the affordable housing fund from the real estate transfer tax.

increasing the amount of revenue transfered from the real estate transfer tax to the affordable housing fund.

Taxes - StateProperty - Real and PersonalZoning and Planning

Status

Died on the table in the House · March 27, 2025
  1. Introduced
  2. House
  3. Senate
  4. Governor
  5. Law

Division of testimony

100 submissions
Support 88Oppose 12Neutral 0
David HoltSupportSOMERSWORTH, NHfor MyselfFeb 4, 2025

This country was built on immigrants, shame on you for this

Elisebeth BardoSupportConcord, NHfor MyselfFeb 4, 2025

Anyway that we can increase funding to affordable housing is a win/win for our state.

Lois GrantSupportConcord, NHfor MyselfFeb 4, 2025

The passage of HB530 will improve our community.

Lisa HendersonSupportDurham, NHfor LeadingAge Maine & New HampshireFeb 4, 2025

As the number of housing-related bills this session indicate, both Republicans and Democrats agree that the shortage of affordable housing options in New Hampshire is a serious threat to the economic vitality of the State. Developing affordable housing involves a complex cobbling together of funding sources, both private and public. New Hampshire Housing steps in for gap funding that often makes the difference as to whether a development is viable or not. The private market won't readily produce affordable housing due to low profit margins, so it is in the State's best interest to be an investor in affordable housing through the Affordable Housing Fund. As building supplies, labor and land costs continue to rise, the gap between subsidy sources and the cost to build widens. The Affordable Housing Fund needs an infusion of new funds to ensure more New Hampshire citizens can access housing they can afford while contributing to our economy in important roles in health care, the service industry, public service and education.

Viola KatusiimeSupportManchester, NHfor Granite State Organizing ProjectFeb 4, 2025

Good morning, Members of the House Ways and Means Committee. My name is Viola Katusiime; I'm the Deputy Director of the Granite State Organizing Project. The Granite State Organizing Project (GSOP) is a grassroots, non-partisan institution bringing faith, labor, and community groups to work towards a more just world.   I am writing to express our support for HB530, increasing the amount of revenue transferred from the real estate transfer tax to the affordable housing fund. According to the analysis by the National Low Income Housing Coalition, New Hampshire is short of 21,327 rental homes available to extremely low-income individuals. $35,250. A 4-person income limit for extremely low-income households stands at $ 35,250. The Granite State is home to 34,277 extremely low-income households, meaning they spend more than half of their income on rent. HB 530 is a step in the right direction, beginning to address the lack of adequate funding needed to address the shortage of housing affordable to low-income individuals, many of whom are disabled, single-family households, and seniors. Thank you for your serious consideration of HB 530. Sincerely, Viola Katusiime

Anne OnionSupportGilmanton, NHfor MyselfFeb 4, 2025

We need all possible resources to support affordable housing!

Alexandra AscaniOpposeBarrington, NHfor MyselfFeb 4, 2025

February 3, 2025 Dear Honorable Members of the House Municipal and County Government Committee, I am writing today to urge you to vote no on HB625. Please do not vote to allow municipalities to levy taxes on nonprofits based on a percentage of their assessed property values. This measure poses a significant threat to the property tax status of nonprofits in NH. These nonprofits are working tirelessly, many with little or no staff and rely on volunteers, to provide critical services to the most vulnerable people in NH. These nonprofits, including those helping with affordable housing for individuals with intellectual developmental disorders and others, working with teens to keep them safe, off the streets and from committing suicide, supporting individuals who are victims of domestic and sexual abuse, working with people who are living with cancer, substance misuse disorder, elderly and so much more, use this tax relief to support their programs that help individuals in NH find services that the state does not provide. Balancing budgets by taxing nonprofits risks undermining essential services that our communities rely on. I urge you to vote no on HB625. Sincerely, Alexandra Ascani

Kathleen TurnerOpposeHampstead, NHfor MyselfFeb 4, 2025

Nonprofits rely upon these revenues to provide critical services for our communities. Taxing their property will severely restrict their operating budgets and force closure of vital services provided to all NH residents . These agencies are already facing financial challenges, adding one more will break their backs.

Peggy MaceSupportDover, NHfor MyselfFeb 4, 2025

I am a single parent serving on the Board and as Housing Committee Chair for the non-profit Our Place NH, whose mission is to provide residential options, services and support designed to meet the needs of adults with developmental disabilities. We are dedicated to fostering growth and independence through vocational, social, and recreational opportunities. I personally have a passionate interest in finding housing solutions for adults with developmental disabilities. Two of my three adult children have a diagnosis of Down syndrome and live at home with me. Their Dad passed away from cancer seven years ago, which left me a single parent trying to meet the needs of two adults with very active lives. Both of them work, participate in Special Olympics, and attend a variety of social activities within the community on a weekly basis. Neither of them drive and they both require a certain level of support with daily life skills. It is a full-time job to support them in keeping their job, maintaining their friendships and social life, and ensuring they live fully and inclusively within the community they grew up in. This also ensures they also don’t live a life of loneliness and isolation or without purpose. I alone cannot sustain this level of support for them long-term as I age. Knowing that they could be part of a supported community with their peers gives me hope and a sense of security for their future. Making a priority of individuals with IDD, and their desire to fully participate and live as independently as possible within their communities, will also build better and more inclusive communities. We desperately need models for housing to help these adults with IDD reach this goal and achieve their full potential. It is imperative that future planning for housing, across the State of NH, addresses this critical need for supportive housing solutions for some of our most vulnerable population. Please support HB530, as this bill will increase the amount of revenue transferred from the real estate transfer tax to the affordable housing fund, therefore providing more funding for critically needed affordable housing in our State. Thank you for reading and your time and consideration. Kindly, Peggy Mace 93 Glen Hill Road Dover, NH peggy.mace@comcast.net

Kristen CollinsSupportPortsmouth, NHfor Wentworth Senior LivingFeb 4, 2025

I support this bill to increase the amount of revenue transferred from the real estate transfer tax to the affordable housing fund.

Bennett MortellSupportUnity, NHfor MyselfFeb 4, 2025

Affordable Housing is such a crisis in New Hampshire that worsens other social problems. The bill does not increase the amount of real estate transfer tax but rather reallocates $5 million dollars to help increase affordable housing. Increasing affordable housing may ultimately do more for New Hampshire than the loss of income to the general fund or education fund.

Felicia McKoneSupportMerrimack, NHfor MyselfFeb 4, 2025

Great need for more housing

Daniel RichardsonOpposeNashua, NHfor MyselfFeb 4, 2025

Stop gifting taxpayer treasury to multimillionaire developers. They need to risk their own money on selling their buildings. We are capitalism, not socialism.

Lisa KressOpposeBedford, NHfor Myself and my non-profit organizationFeb 4, 2025

I oppose this bill, as an annual $50,000 cap on charitable gaming revenues would negatively and significantly impact NH non-profit organizations' abilities to continue providing vital services to their constituents.

Lynn CoakleySupportMilford, NHfor MyselfFeb 4, 2025

Affordable housing is one of the biggest barriers to folks moving to NH

Catharine FarkasSupportSanbornton, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Patricia MartinSupportRindge, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Molly SteeleSupportDurham, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Anne ThomasSupportRindge, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Susan BullivantSupportDurham, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Jennifer SmithSupportPEMBROKE, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Lynn MerloneSupportRindge, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Erin McManusSupportConcord, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Kathy ArchibaldSupportWarren, NHfor MyselfFeb 4, 2025

Position recorded without written comment.

Kaitlyn KelleherSupportConcord, NHfor MyselfFeb 4, 2025

Position recorded without written comment.