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Vermont Housing Conservation Board says ARPA funds largely spent; $3.1M remains
Summary
The Vermont Housing Conservation Board told the House Appropriations Committee it has spent most of a $119 million ARPA appropriation, delivering about 1,000 housing units and leveraging private investment; VHCB reported roughly $3.1 million still to be disbursed and expects full expenditure well before the 12/31/2026 deadline.
The Vermont Housing Conservation Board told the House Appropriations Committee on Jan. 7 that it has spent most of a $119,000,000 ARPA appropriation and expects to finish spending the remainder well before the federal deadline.
"Of the $119,000,000 appropriation, we're down to $3,100,000 that needs to go out the door," said Gus Selig, executive director of the Vermont Housing Conservation Board. He told members ARPA money went into roughly 1,000 units of housing across 36 projects in 20 communities and that the appropriation leveraged about…
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