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Legislation

Vermont mayors call for tax credit increase for Down Payment Assistance Program

The Vermont Mayors Coalition (VMC) met at the State House yesterday to announce their legislative priorities for 2018. One of their primary goals was to increase the availability and quality of affordable housing.  To that end, VMC supports a $125,000 tax credit increase for the Vermont Down Payment Assistance Program, which is administered by Vermont Housing Finance Agency.

Legislature holds hearings on rental housing safety

The Vermont House Committee on General, Housing and Military Affairs is holding hearings on rental housing health and safety issues. The Committee will hear from tenants, advocates, and health and housing experts on their concerns regarding unsafe rental conditions and gaps in health code enforcement.  

How will federal tax reform affect Vermonters?

VHFA's Sarah Carpenter and Maura Collins talked with reporters this week about likely impacts of the many provisions related to housing included in the federal tax reform bill passed this week.   

Federal tax reform bill retains private activity bonds

The federal tax reform conference report released Friday preserves tax-exempt private activity bonds (PABs), including Housing Bonds, both single-family (and MCCs) and multifamily, according to reports from the Novogradac and the National Council of State Housing Agencies.  PAB uses, authority, and carryforward rules are all unchanged as is the low-income housing tax credit program, the organizations reported.

 

Vermont housing partners outline damaging impacts of proposed federal tax reform provisions

Housing partners seeking to improve opportunities for lower income Vermonters described this week why federal tax reform bills would make reaching this goal much harder and hurt Vermont communities. Learn more from these WPTZ and CCTV stories.  

VAHC: House and Senate Tax Bills Will Decimate Affordable Housing In Vermont

The Vermont Affordable Housing Coalition (VAHC), a state leader in housing policy, research and advocacy, issued the following statement last week on the tax bill recently passed by the U.S. House of Representatives and under consideration in the Senate:

Vermonters weigh federal tax reform proposals

When the Senate and House released their initial tax reform proposals last week in Washington, Vermont's Congressional delegation went to work to protect valuable resources that are part of the tax code, such as private activity bonds and housing tax credits.  Tax programs are responsible for most affordable housing developed in Vermont in the past 30 years.

House Tax Bill ‘Would Have Devastating Impact on Affordable Housing in New England’

From the Vermont Affordable Housing Coalition -

Legislature passes largest affordable housing bond in state history

With the passing of the State budget and enactment of a bond that could produce $35 million, Vermont is making its largest single commitment ever of state dollars for affordable housing. VHFA will issue the revenue bond and the Vermont Housing and Conservation Board (VHCB) will administer the funds statewide to expand Vermont’s stock of permanently affordable housing. 

The Governor will sign the budget bill containing the bond on Wednesday, June 28th at 11:00 a.m. in the Ceremonial Office at the Vermont State House in Montpelier.

Vermont Affordable Housing Coalition asks housing bond supporters to contact representatives

The Vermont Senate has passed a bill (S.100) to enact a $35 million housing bond to spur the construction and rehabilitation of affordable housing across the State.  The bill is now in the House with just a few days to go until adjournment.  Recommended in Governor Scott's budget proposal, the housing bond would address a significant need for affordable housing in Vermont, help to alleviate homelessness, house the workforce, and provide expanded homeownership opportunities for Vermonters.  

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