New Hampshire Invests $100 Million of American Rescue Plan Funding in Increasing Affordable Housing Development

New Hampshire has approved a plan to invest $100 million in federal COVID-19 relief funds in the state’s housing infrastructure. The InvestNH initiative was proposed in February by Governor Chris Sununu and the state’s Department of Business and Economic Affairs as a way to increase the number of available rental units in the state. Advocates successfully pushed for the plan to include income limits on certain projects to increase housing affordability for lower-income households. The final plan was approved by New Hampshire’s Executive Council on May 4, 2022, and implementation will begin soon.

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