Sununu seeks to establish new housing units with federal cash | State

Gov. Chris Sununu has asked Treasury Secretary Janet Yellen to enable the point out tackle its very affordable housing scarcity by making it possible for federal revenue designed to enable persons pay their lease during the pandemic to also be utilized to create and build new rental models.

In a letter to Yellen dated Might 4, the governor referred to as the permissible utilizes for cash distributed to states by way of the Emergency Rental Support Software — approved at the end of 2020 — as “overly restrictive.” The dollars can be applied towards lease, utility and electricity charges, as perfectly as “other housing-associated bills because of direct or indirectly to Covid-19,” which the Treasury Office will take to indicate charges of safety deposits, late service fees and lodge stays.

“The problem of enabling people (to) maintain their housing throughout this pandemic isn’t just about rental aid,” Sununu wrote. “It’s about the deficiency of available reasonably priced housing.” Briefly shelling out for hire and utilities, he likened to “little more than a band-aid for a broken leg.”

The governor observed emptiness fees in rental marketplaces are “approaching zero.” Also, he said seasonal and 2nd-house homeowners, who he described as “a significant resource of rental models for a long time,” in particular in the Lakes Area, White Mountains and Mount Washington Valley, have moved into their residences to escape the pandemic, further shrinking the restricted rental industry. And he pointed to the “dramatic inflow in migration of people today from neighboring states relocating to New Hampshire all over the pandemic.”

Sununu advisable the skilled takes advantage of of the funding furnished by the program be expanded to include things like investment decision in design of very affordable housing to offset the effects of the pandemic on the stock of rental models, incentives for public-non-public partnerships to build cost-effective housing and steps to decrease the challenges to developers and lenders in enterprise tasks to serve “socially and economically deprived individuals.”

In 2019, Sununu supported a legislative initiative to tackle the mounting shortage of economical housing, but it was overtaken by the pandemic and stalled in the Legislature.

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