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…”Read more
Chairwoman Ram Hinsdale indicated that she to move toward a consensus vote for the inclusion of each of any stand-alone bills that should be included in their committee bill. February 9th was the date given for when proposals needed to be submitted by.Read more
Two different Committees covered a new Housing Designations Report from the Department of Housing & Community Development (DHCD) this week. The report focuses on creating vibrant places for Vermonters to live and work.
In the House Environment & Energy Committee on Thursday, Chairwoman Sheldon asked about public engagement and Chris Cochran (Director of Community Planning & Revitalization, Department of Housing & Community Development) stressed the input was largely municipalities and staff at planning and regional agencies, the public also was engaged but they were asked to respond to questions like “what is working and what is not?”
Maura Collins (Executive Director, Vermont Housing Finance Agency) presented to the Senate Economic Development Committee on Tuesday, noting that this year the Vermont Housing and Finance Agency (VHFA) is celebrating 50 years.
The loans they provide end up going to 94% first time homebuyers. 70% are also offered down payment assistance etc. The median borrower income is $67,950. They also offer rental housing development along with the Vermont Housing & Conservation Board.Read more
On Wednesday, three different Committees took up housing and land use issues. The Senate focused on a new proposed Act 250 framework that would change the incentive structure and land access for housing. The House Committees covered some of this as well, but also heard from non-profits asking for more investments in permanently affordable rental housing.Read more
Chairwoman Ram Hinsdale kicked off the Senate Economic Development Committee on Wednesday, noting a Joint Hearing on January 17th with the Senate Judiciary and Health & Welfare Committees regarding public safety in our downtowns and our housing issues (possibly 9-12 AM, but not official yet).Read more
The Senate Economic Development Committee finished reviewing changes to S.100 on Friday morning and brought the bill to the Senate floor for a vote. Funding was still pulled out and included in the budget. Currently it appears fairly significant (over $200M according to the Committee of Conference report) but the Governor is expected to veto the budget bill so things could change.Read more