I guess it really depends on why would you do that. Typically, the H1 tag should appear toward the top of the page since it is the title of the page. Anything other than that would look weird and could be considered spammy, especially if it looks like you are trying to hide keyword rich text somewhere where only robots can see it.
I've not tried what you are suggesting specifically but I have had pages with multiple h1 tags and Google seems to ignore those multiple h1s (to whatever extent h1s influence rankings). As a result, I would suspect something similar would happen if you were trying to hide the h1 in the footer.
All that being said, if as part of the design you have selected to put the h1 page name in a footer but still make that h1 page name a prominent part of the page, then I suppose it wouldn't be too big of a deal where search engine spiders are concerned.
Really though, it depends on intent. Are you trying to hide the h1? If so, don't do that because that is the point at which you cross into black hat territory and risk a penalty.
