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Vermont official urges passage of small‑municipality financing tool to spur housing
Summary
Secretary Lindsey Curley told the Vermont House Commerce & Economic Development Committee that a project‑based increment financing tool (CHIP) could help small towns overcome infrastructure costs and accelerate construction of homes; committee members pressed for guardrails, municipal capacity supports and a look‑back review.
Secretary Lindsey Curley of the Agency of Commerce and Community Development told the Vermont House Committee on Commerce and Economic Development on April 22 that a project‑based increment financing proposal called CHIP could help unlock housing development in small municipalities.
Curley said Vermont needs many more homes — she cited figures of 40,000 by 2030 and 80,000 by 2050 — and described CHIP as “a tool that would be incredibly helpful” to bring infrastructure investments within reach for smaller towns and encourage builders to proceed on projects that currently do not “pencil out.”
The committee pressed Curley on several recurring concerns: limited municipal administrative capacity in small towns, the risk that incentives could be used for high‑end homes or nonresidential…
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