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New Hampshire invests $100M in affordable housing and broadband to attract businesses and workforce

January 22, 2025 | Finance - Division I, House of Representatives, Committees , Legislative, New Hampshire


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

New Hampshire invests $100M in affordable housing and broadband to attract businesses and workforce
The House Finance Division I of the New Hampshire House of Representatives convened on January 22, 2025, to discuss various initiatives and updates related to state funding and infrastructure projects. The meeting focused on staffing at welcome centers, broadband expansion, and the allocation of federal funds under the American Rescue Plan Act (ARPA).

The session began with a discussion about the staffing of welcome centers in Hooksett. Representatives clarified that their role is primarily to staff the front desks, unlike other welcome centers that have more extensive maintenance functions. This led to inquiries about the weekly work hours and visitor foot counts at these centers, with a commitment to provide that data in the future.

A significant portion of the meeting was dedicated to the state's broadband initiatives. Representatives emphasized that the expansion of broadband access is not merely a technical upgrade but a strategic move to attract businesses and remote workers to rural areas of New Hampshire. The availability of high-speed internet is seen as a critical factor in making these communities more appealing to potential businesses, particularly in regions that previously lacked such infrastructure.

The discussion then shifted to the uptake of ARPA funds, with a focus on meeting deadlines for fund allocation. The state had a total of approximately $994.6 million allocated under the State and Local Fiscal Recovery Fund, with nearly all funds fully allocated by the December 31, 2024, deadline. Only about $2.8 million remained unallocated, which was directed to the affordable housing trust fund to prevent it from reverting to the federal government. The representatives noted that the funds were primarily used for one-time investments in infrastructure, housing, and broadband, avoiding the creation of ongoing financial obligations.

The meeting concluded with a review of the effectiveness of the Invest New Hampshire and Housing Champion programs. These programs utilized nearly $100 million in federal funding to support multifamily rental projects and assist municipalities in establishing affordable housing. The representatives reported that many projects funded through these initiatives have been completed successfully, highlighting the positive impact of the funding on local housing markets.

Overall, the meeting underscored the state's commitment to leveraging federal funds for infrastructure improvements and economic development, particularly in underserved areas. The focus on broadband expansion and housing initiatives reflects a strategic approach to enhance the quality of life and economic opportunities in New Hampshire's rural communities.

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Scribe from Workplace AI
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