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Housing board says state dollars leverage other funds but pipeline is shrinking amid budget uncertainty
Summary
Directors told the Appropriations Committee that state appropriations leverage private and federal funding and support diverse projects — from conversions to shared‑equity homeownership — but budget uncertainty is shrinking the project pipeline despite continued need for thousands of homes.
The Vermont Housing and Conservation Board told the Appropriations Committee on March 31 that state appropriations multiply other investment but current budget uncertainty is slowing the housing pipeline.
Gus Sealy, introduced as the board's director, and policy director Paulie Major outlined recent projects — including a new Vermont Adaptive campus in Rochester and conversions of vacation rentals into year‑round homes — and said state appropriations commonly leverage federal, private and low‑income housing tax credit dollars.
"Second, for every dollar you gave us, we have raised $2," Sealy said during…
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