Establishes affordable housing investment fees for development projects in New Hampshire.
The bill amends RSA 674:21 to introduce a new subparagraph and section regarding affordable housing investment fees. These fees are imposed on development projects such as subdivision, building construction, or land use changes. Municipalities can require developers to provide security guarantees for future fee payments if an alternate payment schedule is established. The fees are intended to fund additional affordable housing units and must be collected at the time of a certificate of occupancy or when the development is ready for use.
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