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House committee backs moving DHIP into base funding, supports HFA tax-credit sale and mobile-home repairs
Summary
The Vermont House Commerce & Economic Development committee met with legislative counsel to shape its Appropriations letter, endorsing moving the Downpayment and Homeownership Investment Program into base funding, supporting the Vermont Housing Finance Agency’s request to sell $350,000 in homeownership tax credits annually (2027–2031), and backing a one-time $800,000 mobile-home repair fund.
The Vermont House Committee on Commerce & Economic Development spent its allotted pre-floor time on Feb. 24 working with legislative counsel Rick Segal to finalize priorities for its Appropriations letter, placing housing programs at the top of the list.
Committee members agreed they support moving the Downpayment and Homeownership Investment Program (DHIP/BHIP) from one-time to base funding, with a member citing a requested amount of $4,000,000 for the program. "Are we supportive of putting DHIP into the... I think…
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