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Senate S.127 walkthrough spotlights project-based TIFs and infrastructure financing
Summary
Senator Keisha Ron Pinsdale and committee staff briefed the House General & Housing Committee on S.127, emphasizing a move toward project‑based tax increment financing (TIF) and multiple layers of infrastructure financing including bond bank loans, assessment districts and tax abatement as potential tools to speed housing development.
Senator Keisha Ron Pinsdale, former chair of the Senate Economic Development, Housing and General Affairs Committee and the Senate majority leader, told the House General & Housing Committee on April 3 that financing and permitting reform remain central to producing more housing in Vermont.
Senator Keisha Ron Pinsdale said the Senate bill S.127 takes a serious look at tax increment financing and other infrastructure financing tools and that the Senate and House approaches are largely compatible. “I cannot see a, a problem in Vermont that doesn't have a lack of housing at its root,” she told members as she outlined the bill’s emphasis on financing and permit reform.
Nut graf: Lawmakers said…
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