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HB 1405 · 2026 · House · Housing Committee

Affordable housing loan guarantee program

AI-generated

relative to the housing finance authority's affordable housing guarantee program.

Establishes an affordable housing guarantee program within the housing finance authority and requires the authority to offer loan guarantees to approved lenders to reduce their lending risk.AI-generated

Status

Killed in the House — Inexpedient to Legislate · February 5, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

Analysis

This bill: I. Establishes an affordable housing guarantee program within the housing finance authority to promote affordable housing for low- and moderate-income persons. II. Requires the housing finance authority to offer loan guarantees to lenders who have current approval to provide financing through the housing finance authority to reduce the risk of their loans.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as introduced. Passages chosen from the operative text.Computed by this site

“"Person of low income" means any individual or family whose gross income is greater than 50 percent, but less than or equal to 60 percent, of the state median income, which may be adjusted based on the number of persons living in a given household.”
RSA 204-C:93
“The authority shall make a good faith effort to approve applications from nonprofit and for-profit lending organizations which provide, or are planning to provide, loans for the creation or preservation of affordable housing, consistent with the criteria established in this subdivision and rules adopted by the authority.”
RSA 204-C:95
“Upon application from a lender, in such form as the authority may require, the authority may issue, or commit itself to issue to the lender or its assigns, a certificate of guarantee equal to 80 percent of the principal due on the loan.”
RSA 204-C:96
“A certificate of guarantee issued by the authority, in the hands of the original lender to whom the certificate was issued, shall be conclusive evidence of its validity for the purposes of this subdivision, except in instances of fraud.”
RSA 204-C:97

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Chris MunsDPrime
  • Rep. Connie LaneDRanking Member· Election Law
  • Rep. Jim MaggioreDDeputy Ranking Member· Municipal and County Government
  • Rep. David PaigeDRanking Member· Housing
  • Rep. Ellen ReadDDeputy Ranking Member· Housing
  • Rep. Laurel StavisDRanking Member· Municipal and County Government
  • Sen. Rebecca Perkins KwokaDMinority Leader

Also: Rep. Efstathia BoorasD, Rep. Erica de VriesD, Rep. Karen HegnerD, Rep. Allan HowlandD, Sen. Debra AltschillerD

Public testimony

72 signed in online · 7 wrote testimony

93% support7% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“I write in strong support of HB 1405, relative to the Housing Finance Authority.…”
— David Preece, Manchestersupports
“We must do everything possible in this state to create affordable housing opportunities. This bill would be a step in the right direction.”
— Louise Ewing, Antrimsupports
“This is a modest expenditure to support the kind of housing most needed in the state.”
— Jessica LaMontagne, Doversupports
“This mandate for housing authority for loan guarantees to reduce lenders loan risk is unacceptable cost to the state to float high risk participants. NH state should not guarantee any bad risk loans because they end up costing more to fix when they go bust.…”
— Daniel Richardson, Nashuaopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Jan 20, 2026HouseCommittee report· regular calendar: Inexpedient to Legislate10–8
    Overall
    56% yea
  • Feb 5, 2026HouseRoll callInexpedient to LegislateAdopted186–162How they voted
    Overall
    53% yea
    Party-line vote
    Republicans
    185–199% yea
    Democrats
    1–1611% yea

Hearings and debates

  • Jan 20, 2026Public hearingHouse Housing48:58–52:293m 31slocated in the stream transcriptMajority Committee Report: Inexpedient to Legislate — roll call; Public Hearing; Executive Session
  • Feb 5, 2026Floor debateHouse floor4:14:30–4:19:585m 28slocated in the stream transcriptInexpedient to Legislate — adopted, roll call 186-162

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Housing HJ 1 P. 19
  2. Jan 20, 2026HousePublic Hearing: 01/20/2026 09:30 am GP 231
  3. Jan 20, 2026HouseExecutive Session: 01/20/2026 09:30 am GP 231
  4. Jan 20, 2026HouseMajority : Inexpedient to Legislate 01/20/2026 (Vote 10-8; RC) HC 5 P. 23
  5. Jan 27, 2026HouseMinority : Ought to Pass
  6. Feb 5, 2026HouseInexpedient to Legislate: MA RC 186-162 02/05/2026 HJ 3 P. 45

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.