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Ways & Means members debate county caps, vacancy-rate targeting for housing tax credit program
Summary
Members of the Ways & Means Committee discussed whether a statewide cap or county caps should limit a proposed housing tax incentive program, debated metrics such as vacancy rates and ‘‘stagnant growth’’ to prioritize awards, and flagged tradeoffs between protecting the education fund and encouraging development in lower-growth towns.
Members of the Vermont House Ways & Means Committee debated how to limit and prioritize a proposed housing tax incentive program, focusing on whether to set a statewide dollar cap or county-by-county caps and on what metrics should guide awards.
Representative Brannigan said she worried that a strict cap could ‘‘force scarcity’’ and prevent housing in smaller towns that also need growth. "What worries me about cap is that we are starting ... then we're gonna be work we're gonna try to anticipate ... that kind of could not give us housing where we've got dramatic, dramatic need," she said. Representative…
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