New Hampshire HB1660 amends tax increment financing laws to create credit enhancement agreements for housing projects.
New Hampshire HB1660 amends the state's tax increment financing laws to create credit enhancement agreements for housing projects. These agreements allow municipalities to rebate a portion of tax revenue attributable to captured assessed value to applicable regional planning commissions. The bill aims to incentivize specific housing projects, streamline the process, and address the state's shortage of senior housing, skilled care facilities, and workforce housing.
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