On June 7th 2022, Governor Scott signed legislation that provides $15 million in funding for the Missing Middle-Income Homeownership Development Pilot Program. The program will be initially funded from a portion of the state’s American Rescue Plan Act funding. The program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of Area Median Income or lower. VHFA launched the program in December 2022.
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JCTC_Minutes_Jan_6_2023_DRAFT_swl.pdf
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JCTC_Agenda_Jan_6_2023.pdf
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Tyler Fleming
Board Meeting Minutes - December 2022
02_Final_Dec_12_Board_Minutes.pdf
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New program launches to increase homeownership opportunities for Vermonters
MIDDLEBURY, VT - With many Vermonters feeling stuck because of the increasing costs of homes and the dire lack of availability, officials announced a new program to build more moderately priced homes across the state. The Missing Middle-Income Homeownership Development Program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of the area median household income or lower.
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