Archive for January, 2015

HB269 Increases Homelessness & Costs

HB269 would allow private landlords to collect both first and last month’s rent, plus security deposit of up to one additional month’s rent from prospective tenants — 50% more than what is currently allowed under NH law. This promises not only to increase homelessness, but to increase costs on nonprofit agencies and local, state and federal government programs designed to assist with rental deposits.

The House Judiciary Committee held a public hearing Jan. 28, and a recommendation is pending. Thanks to Housing Action NH members and allies who attended or wrote to Committee members. We will update you in this space as further action is needed.

Click here for our prior alert to learn more about HB269.

 

Housing Action NH Comment re: FHFA Bank Membership Rule

The Federal Housing Finance Agency recently released a proposed Rule limiting membership in the Federal Home Loan Bank. If enacted, the new limited membership is expected to reduce contributions to the Affordable Housing Program, an important capital program for NH affordable housing projects. Housing Action NH, along with developers and organizations around the country, submitted a comment requesting the proposal be withdrawn.

See Housing Action NH’s comment here.