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Committee hears housing, rural economic development updates; Act 250 cited as hurdle to new housing
Summary
Witnesses told the Commerce & Economic Development committee that Act 250 is inhibiting new housing development, Vermont Futures Project outlined a population-expansion goal linked to workforce growth, and Rural Economic Development Initiative reported about $22 million in federal grant awards supporting local projects.
The committee received multiple briefings on housing and economic development, including testimony from Summit Properties and the Vermont Futures Project, and updates on rural programs.
Summit Properties and other presenters told the committee that Vermont’s Act 250 is, in practice, constraining new housing development and that median-priced housing is out of reach for many middle- and low-income households. The Vermont Futures Project presented a…
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