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House lays groundwork for decade-long housing plan; H.829 proposes modest first-year investments and new revenue measures
Summary
Lawmakers outlined H.829, a 10-year framework to expand affordable housing and upstream eviction protections. Committees recommended an initial, phased package of appropriations for VHIP, VHCB, tenant legal services and shelter operations and proposed transfer-tax bracket changes and a 5th income tax bracket to fund longer-term objectives.
House committees presented H.829 as a multi-part housing framework that establishes long-term goals and modest initial investments to expand affordable housing, stabilize tenancies and fund supportive services.
General and Housing committee members described H.829 as a 10-year planning and spending roadmap that would preserve and expand successful programs such as the Vermont Housing Improvement Program (VHIP), the Vermont Housing and Conservation Board (VHCB) and the Vermont Housing Finance Agency (VHFA) initiatives. The committee emphasized preservation, adaptive use of VHIP for accessible units, and…
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