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Housing partners tell committee more revenue needed but warn of capacity and cost constraints
Summary
Nonprofit and state housing partners told the committee that, without new recurring funds, Vermont’s housing pipeline will slow; witnesses cited varying per‑unit subsidy needs and argued for both new revenue and measures to lower per‑unit costs and increase leverage.
Housing advocates and state housing program officials told the committee that recurring revenue is necessary to sustain the existing development pipeline and to catalyze private leverage, but they cautioned that money alone will not immediately produce the state’s target of 7,500 units a year.
Chris Donnan of Champlain Housing Trust told the committee two‑thirds of the households identified in the state housing needs assessment will require subsidy and that recent modeling shows roughly 4,000 of the annual 7,500 units will need state support. "I don't…
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