The Senate Economic Development Committee heard from more experts on Friday regarding their Omnibus Housing Bill.

Key Takeaways:

• Permitting takes too long and is duplicative.
• The housing market is changing.
• Vermonters support expanding population and housing.

The Senate Economic Development Committee heard from Maura Collins on Wednesday about Low-Income Housing Tax Credits (LIHTC) funds.

Key Takeaways:

• VHFA is proposing a revolving loan fund as a less-complex alternative to LIHTC.
• Employers from all industries are getting squeezed by the housing crisis.
• Construction costs have doubled since 2016.