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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.

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

Hearings

  • 2026-01-209:00 amHouse HousingGP 231Public hearing

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.