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Senate Economic Development, Housing & General Affairs advances H.757 language to ease grant access for limited‑equity mobile‑home co‑ops
Summary
On May 7 the Senate committee agreed to move forward with H.757 language intended to let manufactured‑home limited‑equity cooperatives be treated for state grant purposes as nonprofits, while asking DHCD, the Secretary of State and Department of Taxes to report back on registration and funding eligibility by January.
The Senate Economic Development, Housing & General Affairs committee on May 7 agreed to advance language in H.757 intended to help manufactured‑home limited‑equity cooperatives (LECs) qualify for state grants, but asked state agencies to provide a report and recommended a sunset review before final action.
Rep. Gail Pezzo, sponsor of the bill, told the committee that Section 7 would “treat mobile home LECs as nonprofit corporations for the purpose of state funding and grants” and emphasized that “this change does not affect tax treatment.” Pezzo said the intent is to align Vermont statutory language with how grant makers determine eligibility so resident‑owned parks are not automatically excluded when a registration lists them as a business rather than a nonprofit.
The committee’s discussion focused on a mismatch…
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