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Conferees shift housing dollars: bond bank reduced, VHFA allocation increased and first‑time buyer minimum lowered
3211967 · May 8, 2025
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Summary
Committee members agreed to reduce the infrastructure bond bank amount, move funds into a VHFA construct, and change the required first‑time homebuyer minimum from $1,000,000 to $250,000 to provide more flexibility for housing programs.
Conference committee members said they would reduce the infrastructure bond bank appropriation to $7,500,000 and move roughly $1.6 million into a Vermont Housing Finance Agency (VHFA) construct to increase flexibility in housing funding.
Members discussed modifying a statutory requirement that would have reserved no less than $1,000,000 for…
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