Bill
HD 409
Overview: Bill Number: HD 409, Title: An Act establishing a building permit fee surcharge for affordable housing in the town of Concord, Status: Proposed bill, Introduced: November
Overview: Bill Number: HD 409, Title: An Act establishing a building permit fee surcharge for affordable housing in the town of Concord, Status: Proposed bill, Introduced: November 29, 2025
Purpose and Intent: The primary goal of this bill is to generate additional funding for affordable housing initiatives in the town of Concord. By implementing a surcharge on building permit fees, the town aims to create a dedicated revenue stream to support the development and preservation of affordable housing units.
Key Provisions:
- Establishes a 5% surcharge on all building permit fees issued by the town of Concord
- Requires that the revenue generated from the surcharge be deposited into a newly created Affordable Housing Trust Fund
- Specifies that the Affordable Housing Trust Fund can only be used to finance the construction, rehabilitation, or preservation of affordable housing units within the town
Affected Parties and Impacts:
- Developers and property owners in Concord will be required to pay the 5% surcharge on building permits
- The town's Affordable Housing Trust Fund will receive additional revenue to support affordable housing initiatives
- Residents of Concord, particularly those with low to moderate incomes, may benefit from the increased availability of affordable housing options
Procedural and Timeline Considerations:
- The bill has been introduced in the state legislature and is currently under consideration
- If passed, the surcharge would go into effect 90 days after the bill's enactment
- The town of Concord would be responsible for implementing and administering the surcharge and the Affordable Housing Trust Fund
Compiled from official sources — confirm details with the bill’s official record.
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