Senate Finance weighs TIF-based infrastructure program to spur workforce housing
Lawmakers, housing officials and developers debated S.127—a proposal to use project-based tax-increment financing (TIF) to pay for roads, sewer and other infrastructure to lower development costs and encourage more housing, while members pressed for clearer affordability limits, developer safeguards and a sunset review.
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The Senate Finance Committee on March 25 discussed S.127, a bill that would allow project-based tax-increment financing to fund infrastructure aimed at lowering the cost of building homes for working Vermonters.
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