Conference committee debates new CHIP program limits, administration and auditability
Members of the Economic Development, Housing & General Affairs conference committee spent a multi-hour session debating the structure, fiscal caps and administration of a proposed Community Housing Infrastructure Program (CHIP) and how it would interact with existing tax-increment financing (TIF).
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Members of the Economic Development, Housing & General Affairs conference committee spent most of a multi-hour session debating the structure, oversight and fiscal limits of a proposed Community Housing Infrastructure Program, or CHIP, and whether it should replace or run alongside Vermont’s existing tax-increment financing (TIF) framework.
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