House Commerce panel reviews S.127 project-based TIF proposal to fund housing infrastructure
Legislative counsel John Gray outlined S.127’s Community and Housing Infrastructure Program (CHIP), a project-based tax increment financing (TIF) proposal that would let municipalities, developers or third‑party sponsors finance infrastructure to stimulate housing development, with oversight by the Vermont Economic Progress Council.
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Legislative counsel John Gray told the Vermont House Committee on Commerce and Economic Development on April 9, 2025, that S.127 would create a project‑based tax increment financing program called the Community and Housing Infrastructure Program (CHIP) to allow financing of infrastructure intended to spur housing construction.
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