VHCB: ARPA conversion to general funds narrows pipeline, developers may pause work
The board said an expected $30 million in ARPA funding became general‑fund replacement dollars, leaving roughly $13.5 million available and increasing uncertainty that may halt predevelopment activity.
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The Vermont Housing & Conservation Board told the Senate Economic Development, Housing & General Affairs Committee that changes to how American Rescue Plan Act (ARPA) funds were treated reduced the available state housing dollars and disrupted developer confidence.
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