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Vermont housing board: $377 million invested, nearly 5,000 homes preserved or created
Summary
The Vermont Housing & Conservation Board told the Senate Economic Development, Housing & General Affairs Committee it has invested roughly $377 million since 2020, leveraging federal tax credits and private capital and prioritizing permanent affordability to protect tenants from displacement.
The Vermont Housing & Conservation Board reported to the Senate Economic Development, Housing & General Affairs Committee on Jan. 21 that it has invested about $377,000,000 since 2020 to create or preserve nearly 5,000 homes, using state dollars to leverage federal and private financing and to secure permanent affordability.
The report matters because state investments that preserve long-term affordability reduce future displacement risk and can leverage larger sums of private equity and federal tax credits, the board told senators. Permanent affordability preserves housing built or purchased with public funds so future owners cannot flip units to market rate at the end of short-term affordability contracts.
Collie Majors, policy director at the Vermont Housing & Conservation Board, summarized the scale and strategy: "We've invested $377,000,000 to serve, when it's all built out, close to 5,000…
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