CONCORD, N.H. (AP) — Gov. Chris Sununu's $100 million housing investment fund has been approved.
The fund, paid for with federal American Rescue Plan money that Sununu once opposed, will be used to provide grants to developers for multifamily housing projects, incentives for communities that move quickly with permitting, and money for demolishing vacant buildings.
Related coverage:
- Touting new housing investments, Sununu says N.H.'s housing crisis can be solved by building more units.
- In wake of Executive Council vote, some affordability requirements added to $100 million housing plan
The Legislature's fiscal committee approved accepting and spending the money last month, and the Executive Council did the same Wednesday.
Republican David Wheeler was the only councilor to vote no.
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