Video & Transcript Research : 'foreclosure surplus'
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AZ
Arizona 2026 Regular Session
03/25/2026 - Senate Regulatory Affairs and Government Efficiency
Regulatory Affairs and Government Efficiency
Transcript Highlights:
- We always have run a surplus at the Board of Nursing from the nursing fees, so whatever it takes to get
Bills:
HB2072, HB2251, HB2279, HB2308, HB2323, HB2342, HB2400, HB2408, HB2456, HB2660, HB2697, HB2868, HB2873, HB2877, HB2910, HB2946, HB2955, HB2991, HB4001, HB4010
Keywords:
Cesar Chavez, public holiday, state law, holiday repeal, Arizona Revised Statutes, midwifery, medication administration, healthcare, patient safety, advisory committee, licensed midwives, river trips, liability, outfitter, Grand Canyon, negligence, risk management, contractual waiver, dental practice, business registration
ND
North Dakota 2025-2026 Regular Session
Advanced Nuclear Energy Committee Mar 24th, 2026
Transcript Highlights:
- I think they were essentially surplus Navy reactors, and from those, the roots of pressurized water reactors
Summary:
The Advanced Nuclear Energy Committee met to hear a series of presentations on the economics, financing, workforce, and community impacts of advanced nuclear deployment in North Dakota. William Bridge of Nucleon Energy presented the committee’s economic impacts and private-sector financing report, estimating construction and operating job impacts, local spending, and state/local tax effects for hypothetical SMR projects. He said the report assumes first-of-a-kind costs are still high, used a $6 million per megawatt nth-of-a-kind proxy, and estimated peak construction workforces of about 500 for a 200-MW plant and 1,000 for a larger facility, with roughly 100 operating jobs for a 200-MW plant. Committee members questioned security costs, capital cost assumptions, water and transmission siting constraints, and whether the model included fuel and waste; Bridge said the report included initial fuel in capital cost and that waste disposal is funded through existing federal mechanisms.
Lori Brady of the Nuclear Energy Institute then outlined national nuclear workforce needs and NEI’s strategic workforce planning efforts. She described declining labor-force participation, retirements, and the need for a much larger future workforce, and said NEI has organized recommendations around career awareness, pipelines, training and qualification, policy support, retention, and nontraditional recruitment. She highlighted tools such as the Nuclear Works career website, the Nuclear Energy Academic Roadmap, the new federal Energy and Natural Resources career cluster, and the Nuclear Uniform Curriculum Program for community colleges. Members asked about AI, timing for training relative to plant development, and whether advanced manufacturing would reduce staffing needs; Brady said AI is not expected to replace workers and that training timelines depend on the specific project and staffing plan.
The committee also heard from Gary Yaco, mayor of Red Wing, Minnesota, who described Prairie Island’s role in his community. He said the plant provides a large share of local property tax revenue, supports well-paid jobs, contributes to emergency preparedness funding and training, and is broadly supported by the city despite periodic protests and public concerns. He emphasized the plant’s security, regular drills with local and federal responders, and the absence of problems with dry cask storage. Later, Benton Arnett of NEI discussed the current financing landscape for advanced nuclear, explaining how tax credits, federal loan support, off-take agreements, and new business models are helping projects move forward. He said early projects face high upfront costs and long lead-time procurement, but that investor confidence is improving as federal policy and regulatory streamlining continue. The committee asked about waste funding, comparisons with natural gas, the effect of political shifts on investor confidence, and whether the market will narrow to a few winning technologies; Arnett said the industry is still sorting that out, but expects clearer winners in the late 2020s and early 2030s. The meeting concluded with an introductory presentation from Julie Kazeraki of DOE’s Office of Energy Dominance Financing, who said the office is focused on accelerating nuclear deployment through financing support.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 26th, 2026 at 01:39 pm
House Appropriations & Finance
CA
California 2025-2026 Regular Session
Assembly Select Committee on Youth Mental Health and Treatment Accessibility Dec 2nd, 2025
Transcript Highlights:
- And so when we had a $100 billion surplus in 2020, I was really disappointed by the fact that we got
Summary:
The hearing focused on youth mental health and treatment access in California, with opening remarks emphasizing that youth distress, self-harm-related emergency visits, and difficulty obtaining care remain elevated, while workforce shortages and reliance on one-time funding continue to limit access. Assemblymember Lori Davies echoed concerns about unstable funding and said lawmakers need to hear directly from providers and families as they prepare for the budget and legislation. The chair framed the hearing as a chance to hear from county, school, provider, and student perspectives, especially in San Diego County, where needs are high and investments have not always matched demand.
County and school officials described the current system and recent state initiatives, including the Children and Youth Behavioral Health Initiative, school-linked fee schedules, payment reform, and the Behavioral Health Services Act transition. San Diego County Behavioral Health said it serves Medi-Cal youth with specialty mental health needs through a broad continuum of care, including outpatient clinics, school-based services, crisis response, residential treatment, and new crisis and residential facilities. San Diego County Office of Education and San Marcos Unified School District described efforts to expand school-based services and reimbursement through CYBHI, but said implementation is slowed by complex billing rules, insurance-data collection concerns from families, administrative burden, and uncertainty about sustaining staff positions funded by grants or soft money. School counselor testimony highlighted reduced stigma through campus outreach and clubs, but also noted that counselor-to-student ratios remain well above national standards and that budget cuts threaten supports.
Provider testimony stressed that the system remains fragmented and that youth often move between emergency rooms, inpatient care, outpatient therapy, schools, and county programs without smooth handoffs. A child psychiatrist described crisis cases in which the main choices are brief hospitalization or discharge with limited follow-up, and argued for stronger warm handoffs, more outpatient and intensive outpatient options, better school-clinic coordination, and broader use of mobile crisis and 988. Rady Children’s Hospital and Aurora Behavioral Health described large increases in behavioral health demand, expansion of integrated care, and major barriers tied to low reimbursement rates, delayed payments, and administrative complexity. Across the panel, witnesses called for more stable funding, clearer reimbursement rules, better parent education on warning signs, and stronger collaboration among schools, counties, hospitals, and community providers to reduce stigma and improve timely care for youth.
TX
TX
Transcript Highlights:
- Texas is one of the wealthiest states in the country with a 33 billion dollar budget surplus this year
Keywords:
higher education, tuition rates, financial support, immigration status, Texas law, SB 1835, resident tuition, nonresident students, scholarship students, public higher education, Texas Higher Education Coordinating Board, Education Code Section 54.213, tuition waiver, in-state tuition, out-of-state students, higher education finance, enrollment cap, capacity limit, workforce development area, nonimmigrant visa
TX
Transcript Highlights:
- I'd like to invite the $21 billion surplus in the state education fund and the billions diverted through
Keywords:
public education, teacher compensation, certification, funding, school finance, educator rights, education funding, charter schools, staff compensation, state aid, retention allotment, disaster preparedness, emergency management, flooding, mass fatality, mass casualty, fatality tracking, body recovery, autopsy, justice of the peace
TX
Texas 89th 2nd C.S.
Appropriations - S/C on Articles I, IV, & V Feb 24th, 2025
Appropriations - S/C on Articles I, IV, & V
Transcript Highlights:
- This would cost about 250 million, a small fraction of the surplus, but it would make a meaningful difference
TX
Texas 89th Regular
Appropriations - S/C on Articles I, IV, & V Feb 24th, 2025
Appropriations - S/C on Articles I, IV, & V
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/19/2025)
Transcript Highlights:
- House were to vote and agree with the governor, our office would carry the revenue projections on the surplus
Summary:
The committee first met in a revenue estimate work session to approve an LSR codifying the committee’s revenue estimates. Members reviewed the process for turning the LSR into a House Resolution and discussed how the adopted estimates would be used to amend House Bill 1. After a brief question-and-answer about current revenue splits and the governor’s proposed video lottery and tax-split changes, the committee voted 19-0 to approve the revenue estimates.
The committee then moved into executive session on HB 669, which would require all revenue from the statewide education property tax to be deposited into the education trust fund and set an equalized statewide tax rate. Supporters argued the bill would better direct education funding, while opponents said it was unnecessary or duplicative. The committee voted 12-7 to retain the bill (ITL), and a minority report was noted.
Next, the committee considered HB 290, which would raise cigarette and electronic cigarette taxes and create a study committee on tobacco and nicotine taxes. Testimony focused on revenue needs, inflation, public health, and concerns that a higher tax could reduce sales or drive purchases across state lines. The committee voted 11-8 to ITL the bill, with a minority report. The committee also ITL’d HB 402, dealing with whether Education Freedom Account payments are taxable income, after debate over unintended consequences and whether the bill’s language was misleading; that vote was 11-8 with a minority report. Finally, the committee opened HB 483, and Representative Tierney moved ITL, arguing the bill’s requirement that the scholarship organization be incorporated in New Hampshire would likely violate the Commerce Clause; the transcript cuts off before the vote on that bill.
AL
Transcript Highlights:
- clarifies insurance bill and it simply clarifies insurance bill and it simply clarifies that non-resident surplus
- line brokers that non-resident surplus line brokers that non-resident surplus line brokers don't have
Bills:
HB 1500, HJR 7, HJR 112, HB 34, HB 133, HB 112, HB 119, HB 128, HB 130, HB 132, HB 2756, HB 166, HB 406, HB 186, HB 271, HB 331, HB 380, HB 1583, HB 1584, HB 1819, HB 621, HB 303, HB 552, HB 366, HB 463, HB 1211, HB 1327, HB 1461, HB 923, HB 1760, HB 2043, HB 2467, HB 5333, HB 5265, HB 1592, HB 1576, HB 1552, HB 2018, HB 3511, HB 1781, HB 2013, HB 2340, HB 2349, HB 2508, HB 2970, HB 2520, HB 865, HB 2851, HB 3385, HB 3336, HB 3529, HB 3309, HB 1127, HB 1232, HB 1397, HB 4236, HB 1804, HB 1926, HB 4041, HB 1965, HB 1964, HB 2679, HB 2730, HB 3698, HB 3699, HCR 77, HB 3354, HB 163, HB 201, HB 272, HB 333, HB 405, HB 519, HB 569, HB 654, HB 694, HB 791, HB 1006, HB 1136, HB 1240, HB 1266, HB 1275, HB 1437, HB 1532, HB 1675, HB 1842, HB 1868, HB 1888, HB 1894, HB 1943, HB 1990, HB 2029, HB 2061, HB 2286, HB 2523, HB 2622, HB 2626, HB 2652, HB 2692, HB 2842, HB 2885, HB 2914, HB 3016, HB 3096, HB 3129, HB 3248, HB 3251, HB 3255, HB 3479, HB 3611, HB 3623, HB 3701, HB 3724, HB 3803, HB 3804, HB 3805, HB 3806, HB 3810, HB 3816, HB 3832, HB 3887, HB 4127, HB 4129, HB 4130, HB 4131, HB 4163, HB 4187, HB 4229, HB 4238, HB 4454, HB 4588, HB 4643, HB 4736, HB 4738, HB 4739, HB 4945, HB 5015, HB 5616, SB 767, SB 1619, SB 1738, HJR 5, HJR 2, HB 1399, HB 388, HB 114, HB 205, HB 2789, HB 2791, HB 499, HB 2960, HB 3163, HB 3135, HB 2427, HB 1672, HB 1722, HB 2618, HB 879, HB 1126, HB 4134, HB 3513, HB 1445, HB 1893, HB 1734, HB 3229, HB 3306, HB 1276, HB 3516, HB 4145, HB 1585, HB 4810, HB 2558, HB 2742, HB 1695, HB 33, HB 144, HB 109, HB 103, HB 148, HB 3809, HB 2217, HB 220, HB 2421, HB 2363, HB 421, HB 2455, HB 3711, HB 2559, HB 2775, HB 3126, HB 3666, HB 3595, HB 3260, HB 3376, HB 3826, HB 3770, HB 1831, HB 2614, HB 3113, HB 322, HB 431, HB 869, HB 1203, HB 1244, HB 1875, HB 1950, HB 2152, HB 2341, HB 2809, HB 2856, HB 3012, SB 1415, SB 1058, SB 487, SB 1499, SB 513, SB 1697, SB 1197, SB 1437, SB 1809, SB 836, SB 1879, SB 1145, SB 963, SB 1038, SB 1147, SB 914, SB 711, SB 1409, HB 3707, HB 589, HB 1360, HB 2337, HB 2391, HB 718, HB 23, HB 2436, HB 1500, HJR 7, HJR 112, HB 34, HB 133, HB 112, HB 119, HB 128, HB 130, HB 132, HB 2756, HB 166, HB 406, HB 186, HB 271, HB 331, HB 380, HB 1583, HB 1584, HB 1819, HB 621, HB 303, HB 552, HB 366, HB 463, HB 1211, HB 1327, HB 1461, HB 923, HB 1760, HB 2043, HB 2467, HB 5333, HB 5265, HB 1592, HB 1576, HB 1552, HB 2018, HB 3511, HB 1781, HB 2013, HB 2340, HB 2349, HB 2508, HB 2970, HB 2520, HB 865, HB 2851, HB 3385, HB 3336, HB 3529, HB 3309, HB 1127, HB 1232, HB 1397, HB 4236, HB 1804, HB 1926, HB 4041, HB 1965, HB 1964, HB 2679, HB 2730, HB 3698, HB 3699, HB 3354, HB 163, HB 201, HB 272, HB 333, HB 405, HB 519, HB 569, HB 654, HB 694, HB 791, HB 1006, HB 1136, HB 1240, HB 1266, HB 1275, HB 1437, HB 1532, HB 1675, HB 1842, HB 1868, HB 1888, HB 1894, HB 1943, HB 1990, HB 2029, HB 2061, HB 2286, HB 2523, HB 2622, HB 2626, HB 2652, HB 2692, HB 2842, HB 2885, HB 2914, HB 3016, HB 3096, HB 3129, HB 3248, HB 3251, HB 3255, HB 3479, HB 3611, HB 3623, HB 3701, HB 3724, HB 3803, HB 3804, HB 3805, HB 3806, HB 3810, HB 3816, HB 3832, HB 3887, HB 4127, HB 4129, HB 4130, HB 4131, HB 4163, HB 4187, HB 4229, HB 4238, HB 4454, HB 4588, HB 4643, HB 4736, HB 4738, HB 4739, HB 4945, HB 5015, HB 5616, SB 767, SB 1619, SB 1738, HCR 77
Keywords:
Information Resources, Department governance, cybersecurity, state assistance, procurement training, technology resources, advisory committees, water fund, Texas water supply, constitutional amendment, state revenue, infrastructure, parental rights, child upbringing, government interference, Texas legislation, science park district, economic development, technology innovation, higher education collaboration
MN
Minnesota 2025-2026 Regular Session
House passes elections bill after lengthy amendments discussions 5/6/26
Minnesota House Floor Meeting
Transcript Highlights:
- And as far as the cost goes, pretty minor number statewide compared to $18 billion surplus we had not
- number statewide compared to $18 minor number statewide compared to $18 billion<02:22:51.520>
surplus
Summary:
House File 4240, an elections administration bill, was introduced as a package of updates to absentee voting, statewide voter registration system use, early voting procedures, recordkeeping, removal of outdated statutory language, and reimbursement for municipalities and counties that administer certain special elections. The author, Rep. Freiberg, described the bill as a modernization and efficiency measure that would clarify procedures while maintaining election security.
Several amendments were adopted. The A4 amendment, offered by Rep. Freiberg, was described as aligning language with the Senate and passed without objection. The A6 amendment, offered by Rep. Cosnik, would give school districts more direction on polling locations for special elections in multi-county districts; Rep. Lee raised concerns that it could affect many districts statewide and questioned whether it applied to early voting, while Rep. Cosnik said it was narrowly tailored and intended to prevent disenfranchisement. Rep. Freiberg and Rep. Lee both said they would support it as a voter-access measure despite possible costs, and it was adopted. The A5 amendment, offered by Rep. Schultz, would require the Secretary of State to provide voter information to the U.S. Department of Justice upon request for civil-rights and federal voting-law enforcement; it was debated at length, with supporters framing it as election integrity and opponents arguing it would jeopardize voter privacy and could be used by the Trump administration to pressure Minnesota. The amendment was adopted after a roll call request.
The debate on A5 was especially contentious, with Republicans arguing the state should cooperate with federal efforts to clean voter rolls and Democrats arguing the DOJ had overreached, mishandled civil-rights investigations, and sought voter data without a lawful need. Members on both sides cited voter fraud, privacy, and federal-state election authority, and several speakers referenced recent DOJ actions and court disputes. The transcript ends during further discussion of the federal role in elections, with no final disposition on the underlying bill shown in the excerpt.
NH
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 28 Afternoon Session Mar 24th, 2026 at 01:00 pm
Oklahoma House Floor Meeting
Bills:
HB3329, HR1039, HR1040, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3419, HB3420, HB3706, HB3711, HB4139, HB1268, HB3660, HJR1023, HB3298, HB3056, HJR1084, HB3934, HB3919, HB4118, HB4119, HB3791, HB4260, HB4178, HB4215, HB4324, HB3270, HB4352, HB4305, HB2955, HB3315, HB3066, HB1245, HB4125, HB3075, HB3129, HB3239, HB4153, HB3265, HB4491, SB680, HB4263, HB4268, HB1675, HB3885, HB2984, HB3697, HB2959, HB3671, HB3852, HB2933, HB3057, HB3802, HB4294, HB4285, HB3708, HB3979, HB3977, HB3986, HB3985, HB3588, HB3742, HB3845, HJR1070, HB3590, HB3595, HB3391, HB3183, HB3764, HB3765, HB1002, HB4434, HJR1086, HB4060, HB3881, HB3500, HB4408, HB3648, HB3127, HB3606
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 28 Morning Session Mar 24th, 2026 at 09:30 am
Oklahoma House Floor Meeting
Bills:
HB3329, HR1039, HR1040, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3419, HB3420, HB3706, HB3711, HB4139, HB1268, HB3660, HJR1023, HB3298, HB3056, HJR1084, HB3934, HB3919, HB4118, HB4119, HB3791, HB4260, HB4178, HB4215, HB4324, HB3270, HB4352, HB4305, HB2955, HB3315, HB3066, HB1245, HB4125, HB3075, HB3129, HB3239, HB4153, HB3265, HB4491, SB680, HB4263, HB4268, HB1675, HB3885, HB2984, HB3697, HB2959, HB3671, HB3852, HB2933, HB3057, HB3802, HB4294, HB4285, HB3708, HB3979, HB3977, HB3986, HB3985, HB3588, HB3742, HB3845, HJR1070, HB3590, HB3595, HB3391, HB3183, HB3764, HB3765, HB1002, HB4434, HJR1086, HB4060, HB3881, HB3500, HB4408, HB3648, HB3127, HB3606
VT
Transcript Highlights:
- Identical language was enacted in a different statute in 2011 when the mortgage foreclosure chapter was
Summary:
The House first suspended the rules briefly to make announcements, including welcoming former representative Doug Gage to the gallery. It then returned to House Bill 211 on data brokers and personal information, where the Appropriations Committee explained a $50,000 appropriation to the Secretary of State for a consultant-led study on an accessible deletion mechanism for consumers to delete personal data held by data brokers, with interim and final reports due in 2027 and 2028. The committee reported a 9-0-2 vote in favor, and the House agreed to the Commerce and Economic Development Committee’s amendment and ordered third reading.
Floor debate on H. 211 focused heavily on the bill’s deletion and exemption framework. Supporters argued the bill is needed to give Vermonters meaningful control over their data and to prevent data brokers from commingling information for unrelated uses. Opponents warned the bill could conflict with existing federal frameworks such as the Fair Credit Reporting Act, Gramm-Leach-Bliley, and the Driver’s Privacy Protection Act, and could make credit, banking, insurance, fraud prevention, and identity verification harder. In response, the sponsor said the bill uses use-case-based exemptions rather than broad entity-level exemptions, noted testimony from banks, insurers, a data broker, a former data broker employee, and the Attorney General, and said no constitutional concerns were raised. The House ultimately adopted the amendment and advanced the bill.
After H. 211, the House moved to House Bill 577, establishing the Vermont Prescription Drug Discount Card Program. Committee reports from Health Care, Ways and Means, and Appropriations were read into the record, and the Colchester member described the bill as a way to lower prescription drug costs by joining the multi-state Array Rx program. The bill would let any Vermont resident obtain a free discount card for FDA-approved prescription drugs, with claimed savings up to 80% on generics and 20% on brand-name drugs. The House then proceeded to second reading on H. 577.
MN
Minnesota 2025-2026 Regular Session
House Floor Session 5/14/26 - Part 2
Minnesota House Floor Meeting
Transcript Highlights:
- through 6, updating the workers' compensation reinsurance association process to distribute excess surplus
- >
excess association process to distribute excess association process to distribute excess surplus - <00:18:47.919>
or <00:18:48.160>collect <00:18:48.640>deficiency surplus or collect - deficiency surplus or collect deficiency assessments. assessments. assessments.
Summary:
The House first adopted a conference committee report on House File 3426, a natural resources bill. Representative Jordan said the report largely reflected the House position, with changes including removal of the word “random” regarding DNR checks, clarification of minimum grant amount limits for trail maintenance and other projects, a two-year sunset on those caps, and repeal of obsolete language requiring DNR approval of ENRTF-funded acquisitions. Representative Heintzeman said the changes were technical and supported the bill. The motion prevailed, and the bill was given third reading.
The House then concurred in Senate amendments to House File 4239, the campaign finance bill, and House File 4240, the elections bill. Representative Fryberg said HF 4239 addressed campaign disclaimers and privacy of addresses on campaign documents, with a compromise $10,000 security spending limit, authority for the Campaign Finance Board to dismiss frivolous complaints, and limits on sharing addresses with caucus leaders. HF 4240, the Secretary of State’s administrative bill, added an immediate effective date for a Three Rivers Park Commissioner disclosure requirement, removed an appropriation and related policy language, included amendments on special school district elections and betting on elections, and corrected a discrepancy with public safety language. Both bills were passed as amended by the Senate, with 118-15 and 127-6 votes respectively.
The House also passed Senate File 3720, the workers’ compensation advisory council recommendations. Representatives Baker and Berg described bipartisan, unanimous council recommendations updating the workers’ compensation reinsurance process, allowing appellate judges to be assigned when needed, adding psychiatric mental health nurse practitioners as PTSD diagnosticians, updating attorney fee notice rules, increasing compensation for permanent partial disability, clarifying witness rules at employer medical exams, extending the time for employers to deny liability from 60 to 90 days, and correcting a prior error affecting DLI commissioner authority. The bill passed 132-1.
Finally, Representative Long moved to suspend the rules to recall House File 5140, the comprehensive gun violence prevention package, from committee and bring it directly to passage. Long and Representative Greenman argued the Senate had already passed the bill and urged immediate action, citing the Annunciation shooting and other gun violence incidents. Representative Heintzeman raised concerns about the bill’s language, arguing a provision on protruding grips could make all handguns illegal and questioning other penalty provisions. Debate on the motion and bill continued, but no final vote on HF 5140 is shown in the transcript excerpt.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, January 21, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- In just three years, Washington State, just three years ago, had a $14 billion surplus.
- <00:24:52.000>
a <00:24:52.320>14 <00:24:52.559>billion <00:24:53.120>surplus - <00:24:54.080>
And Wash State had a 14 billion surplus. - And Wash State had a 14 billion surplus.
NH
New Hampshire 2025 Regular Session
House Fish and Game and Marine Resources (02/05/2025)
Fish and Game and Marine Resources
Transcript Highlights:
- That is called surplus, and once it is deemed that that piece of equipment is no longer usable, we have
- to go through a process of surplus.
- would go through a system of being put into the state's official financial system, called, um, S in Surplus
- would go through a system of being put into the state's official financial system, called, um, S in Surplus
NH
New Hampshire 2025 Regular Session
House Finance Division I (01/22/2025)
Transcript Highlights:
- We manage the CORD, which is a group of agencies that manage surplus property.
- agencies that cord which is a a group of agencies that manage<03:00:59.279>
a <03:00:59.600>surplus - 01.720>
um <03:01:02.720>a <03:01:02.800>couple <03:01:03.080>of manage a surplus - property um a couple of manage a surplus property um a couple of the<03:01:03.319>
things <03:
Summary:
New Hampshire Housing Finance Authority officials, led by Executive Director Rob Dapice, briefed legislators on the agency’s structure and funding. They explained that the authority is created by state law but is not a state agency, its debt is not state debt, and it is governed by a board appointed by the governor and approved by the Executive Council. The discussion focused on the Affordable Housing Fund and the lead paint hazard remediation fund, including how state appropriations and federal resources are combined to finance affordable rental housing and lead abatement work.
Dapice said the Affordable Housing Fund is used as gap financing for multifamily affordable housing projects, typically alongside federal tax credits and tax-exempt bonds, and that state dollars leverage roughly 2:1 to 10:1 in additional federal and private investment, averaging about 4:1. He said the fund has received historic appropriations in recent budgets, including $30 million over the last two biennial budgets and an annual $5 million set-aside from the real estate transfer tax. He also said the fund is usually structured as 0% interest, deferred loans rather than grants, with repayments returning to the fund if projects generate cash flow.
Members asked about rents, oversight, staffing, revenues, and whether the programs had added positions. Dapice said affordability restrictions generally last 30 to 99 years, rents are tied to income limits and capped so tenants pay no more than 30% of income, and compliance staff inspect properties regularly to verify income eligibility and rent limits. He said the organization has about 130 to 135 employees, down from about 145, with no new positions added because of the appropriations. He estimated total revenues at roughly $300 million, with administrative budget around $22 million, much of it pass-through grant money.
On lead paint remediation, he said the state first appropriated $6 million in 2019, plus $1 million in ARPA funds, and that the program has cleared more than 500 units. He said the federal grant program is not annual or predictable, with a recent award of about $7.75 million, and that the maximum federal grant per unit is $177,000, typically paired with up to $100,000 in state loan support. He also noted that the program can address homes before a child is poisoned if lead hazards are identified, but that cases involving an already exposed child are a higher priority. No votes or formal actions were taken.