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Vermont housing board urges lawmakers to shore up funding to keep $70M pipeline moving
Summary
Officials from the Vermont Housing & Conservation Board told the House Committee on General & Housing in February that tightened state budgets threaten a $70 million development pipeline and asked for a $12 million one‑time appropriation and a larger share of trust funds for housing.
Officials from the Vermont Housing & Conservation Board told the House Committee on General & Housing in February that shrinking state funding risks slowing a roughly $70 million pipeline of housing applications and asked lawmakers to consider a $12 million one‑time appropriation.
Polly Major, director of policy and special projects for the Vermont Housing & Conservation Board, told the committee that VHCB’s investments produce a “catalytic impact” on people and communities and help avoid other state costs. “That catalytic impact is on people. It’s on communities,” Major said, adding that pandemic‑era resources have enabled VHCB to touch more than 5,600 homes across Vermont.
Why it matters: VHCB said reduced state signals can stop early‑stage feasibility work, curtail hiring of architects and engineers and slow projects that rely on tax credits and…
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