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House Appropriations Committee tentatively keeps VHCB 70/30 split and outlines VHFA funding priorities
Summary
Lawmakers on the House Appropriations Committee on March 20 reviewed competing housing allocations and tentatively agreed to hold the Vermont Housing & Conservation Board split at 70/30 while advancing a package of VHFA programs, a disability housing pilot and other small grants pending final reconciliation with fiscal staff.
The House Appropriations Committee on March 20 tentatively kept a 70/30 split for the Vermont Housing & Conservation Board (VHCB) and discussed a package of housing allocations that the committee agreed to carry forward for reconciliation with legislative fiscal staff.
Committee members said they would initially accept the governor’s recommendations for several VHFA programs while reserving the right to adjust totals after fiscal office reconciliation. The package discussed included a $10 million allocation for a middle-income homeownership program, $7.5 million for a rental revolving loan fund, $7.5 million for the bond bank program, $2,800,000 for a disability housing pilot and $2,000,000 for a manufactured-homes program. Committee members also discussed giving an additional $5,000,000 to VHCB but did not finalize that amendment.
Why it matters: The committee is balancing investments that support…
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