N.H. Code Admin. R. Bea 604.01 – InvestNH Purpose and Applicability | Midpage
§ Bea 604.01
N.H. Code Admin. R. Bea 604.01
InvestNH Purpose and Applicability
Commissioner, Department of Business and Economic Affairs
(a) The purpose of the InvestNH program is to make grants and loans to municipalities and to housing developers for the purpose of improving the ability to accelerate the approval of affordable workforce housing as defined in RSA 674:58, IV, and other types of housing determined by the department to be important for the economic development of the state including housing for sale or for rent.
(b) Grants and loans shall be made by the department to municipalities and to housing developers in which at least 20 percent of the housing units to be developed will be affordable for a period of at least 10 years. Such units shall be affordable to and intended for occupancy by households with incomes up to 80 percent of the AMI, as established by the HUD.