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Legislation

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.  

Housing Credit is a model program

Since it was signed into law as part of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (Housing Credit) has become our nation’s most successful tool for building and preserving affordable rental housing.  By providing an incentive for private sector investment, the Housing Credit has financed nearly 3 million apartments across the country for low-income workers, families, seniors, veterans, and those with special needs.  It creates opportunities for the millions of families and individuals in our country today who otherwise would pay an excessive portion of their income for h

January 5th is Homelessness Awareness Day and Memorial Vigil

Please join us at the State House in Montpelier on January 5 to renew Vermont's commitment to ending homelessness.  The day will include time to meet with lawmakers and experts to discuss effective strategies Vermont could use to conquer remaining challenges in ending homelessness. A vigil will also be held to remember those who have died without homes and the hundreds of Vermonters still searching for safe, secure housing they can afford.  

The Vermont Affordable Housing Coalition is co-sponsoring this event with the Vermont Coalition to End Homelessness. 

Beat election-year uncertainty with the inside scoop at the Vermont Statewide Housing Conference

Next week's Vermont Statewide Housing Conference will provide many opportunities to get your questions answered about how the election affects Vermont. Walk-in registration is available at the same initial low price so join us on November 14-15 at the Burlington Hilton.

Vermont housing leaders advise HUD Secretary on importance of federal support, coordination, flexibility and working effectively in rural areas

At the invitation of Senator Patrick Leahy, U.S. Department of Housing and Urban Development Secretary Julian Castro visited Burlington yesterday to meet with the state’s housing leaders and attend a ribbon-cutting at the new Bright Street affordable housing project.

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