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House advances multi-part housing bill to support rural production, modular building and local financing
Summary
H775 would authorize revenue bonds backed by special assessments for small projects, expand the treasurer’s local-investment cap to support bulk purchases of modular homes, allow VHIP advances, and create pilot programs and planning targets to boost housing production in rural Vermont; Ways and Means and Appropriations committees adopted fiscal and technical amendments.
House members debated and amended H775, a comprehensive package of tools intended to accelerate housing production—especially in rural Vermont—by loosening financing mechanisms and supporting modular construction.
Key elements explained on the floor include a new revenue-bond approach that allows select boards to approve revenue bonds paid solely from special…
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