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Senate S.127 alters rental‑housing program rules: 5‑year and 10‑year streams and new eligible populations
Summary
Committee staff walked members through S.127 changes to the Vermont Rental Housing Improvement Program, clarifying the bill’s two program tracks (a five‑year program tied to grants and a ten‑year program tied to longer obligations) and a Senate addition that explicitly recognizes climate‑displaced residents as eligible.
Committee staff told the House General & Housing Committee on April 3 that the Senate version of S.127 retains two distinct program tracks for the Vermont Rental Housing Improvement Program and refines eligibility and term language.
Cameron Wood, presenting the Senate bill, described the statute as distinguishing a five‑year program and a ten‑year program rather than simply a grant versus loan dichotomy. Under the language reviewed, entities that receive a grant are bound to program requirements for at least five years; the ten‑year program entails longer obligations and is…
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