The Senate Economic Development Committee convened on Wednesday morning to review the new version of H.687, which incorporated parts of the bill they had worked on earlier in the session – S.311. Chairwoman Ram Hinsdale noted that there was a new amendment from Senator Bray that had just been released. She noted that Bray was claiming this amendment was the “holy grail of negotiations” between her and the Senate Natural Resources Committee.

Senator Bray opened up the Senate Natural Resources Committee meeting on Wednesday morning by stating that they are “evaluating elements” of S.311 to be integrated into H.687. Indicating that the plan was to vote the bill out today while they wait for “Counsel makes any changes… for things that we can resolve, non-showstopper issues… the plan is to set aside a basket of those, and we will have about a week during which Senate Economic Development will evaluate.”  See draft 3.1.

Peter Tucker (Advocacy & Public Policy Director, Vermont Association of Realtors) joined the Senate Natural Resources Committee on Tuesday to discuss S.311 and H.687 which both deal with overhauling Act 250. He was excited at the prospect of the “ways these two Bills will end up working together,” suggesting this is a “real opportunity” to reform land use and housing development. He acknowledged the work of the Summer Study Committee and the Natural Resource Board (NRB) and study of land use designations and the realtors association were participants in both.

Gus Seelig (Executive Director, Vermont Housing and Conservation Board) was first to testify In the Senate Natural Resources on Wednesday Morning on S.311 after Chairman Bray gave some housekeeping remarks. The bill aims to overhaul the Act 250 land use system and install a tiered mapping system that makes it clear which land is available for development and which is not.

Chairwoman Ram Hinsdale reminded the Senate Economic Development Committee about the Housing Survey from the HOME Act in order to know “roughly how much housing we are creating through our funding mechanisms.” She preferred to add language to S.311 least referencing a “healthy vacancy rates… about 5% for rental unit vacancy and 23% for home ownership vacancy…”