There was good news this week for advocates and supporters of affordable housing, as Governor Scott signed into law a new state budget that includes a $35 million bond for housing projects throughout the State. The affordable housing bond is the largest in the State’s history and will facilitate the expansion of Vermont’s stock of safe and affordable housing both through the development of new homes and the renovation of existing homes. The Vermont Housing Finance Agency will issue the bond, and funds will be administered by the Vermont Housing and Conservation Board. More information about this exciting development is available here. To learn more about the firm’s affordable housing practice, contact Drew Kervick, Mark Saunders, Kelly Lowry, or Sash Lewis.
