Vermont 2025-2026 Regular Session Status: Passed House Bipartisan · 3 R · 3 D cosponsors

H 775 — An act relating to creating tools for housing production

Last action — Referred to Committee on Appropriations per Senate Rule 31

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the House. Introduced January 27, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 54% · moderate confidence

  • Passed House

    Current position in the legislative process.

  • 6 sponsors

    6 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (3 R · 3 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill aims to create tools to support housing production.

This legislation focuses on establishing tools that facilitate the construction of housing. It seeks to address housing production issues and potentially improve availability.

What this means for you
  • Workers: More housing availability may benefit workers by providing them with better access to affordable living options.
  • Families: This may lead to more housing options and potentially lower costs for families seeking homes.
  • Small Business: Increased housing production could create opportunities for small businesses involved in construction and related services.

Bill Text

What changed in the latest version

582 added · 210 removed

Plain-language change summary

The updated version of Bill H.775 includes the introduction of the Rural Housing Finance Pilot Program and details about a new Vermont Housing Special Fund, which aims to enhance housing availability in the state. It authorizes municipalities to issue revenue bonds backed by special assessments for public improvements, and increases the State Treasurer's ability to establish funding mechanisms for mobile home park infrastructure and bulk purchasing of off-site constructed housing. These changes are significant because they provide local governments with more financial tools to improve housing options and infrastructure, addressing urgent housing needs in Vermont.

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AS PASSED BY HOUSE H.775 Page 1 of 10 H.775 An act relating to creating tools for housing production It is hereby enacted by the General Assembly of the State of Vermont:
BILL AS PASSED BY THE HOUSE H.775 Page 1 of 28 H.775 Introduced by Representatives Mihaly of Calais, Charlton of Chester, Bartley of Fairfax, Graning of Jericho, Krasnow of South Burlington, and Marcotte of Coventry Referred to Committee on Date:
Subject:
Housing;
municipal and county government;
special assessments;
indebtedness;
revenue bonds;
State Treasurer;
credit facility;
Vermont Housing Special Fund Statement of purpose of bill as introduced:
This bill proposes to create the Rural Housing Finance Pilot Program and the off-site construction accelerator pilot program;
to authorize municipalities to issue revenue bonds backed by special assessments for the purpose of financing a public improvement within a special assessment district;
to increase the financial cap on the Office of the State Treasurer’s authority to establish a credit facility for purposes of funding mobile home park infrastructure;
to authorize the State Treasurer to retain interest on loans issued using credit facility funds for the purpose of promoting the increased availability of housing and the bulk purchasing of off-site constructed housing;
to authorize the State Treasurer to create an additional credit facility of one percent for the bulk purchase of off-site constructed BILL AS PASSED BY THE HOUSE H.775 Page 2 of 28 housing;
and to create the Vermont Housing Special Fund for the purposes of administering interest paid on loans issued using credit facility funds.
An act relating to creating tools for housing production It is hereby enacted by the General Assembly of the State of Vermont:
* * * Rural Housing Finance Pilot Program * * * Sec.
1.
RURAL HOUSING FINANCE PILOT PROGRAM (a) Creation.
(1) There is created the Rural Housing Finance Pilot Program to stimulate the development of affordable housing in rural Vermont communities.
Under the Program, the Department of Housing and Community Development may authorize for tax stabilization up to 300 housing units in eligible communities over a maximum application period of three years.
(2) The Department of Housing and Community Development shall work in collaboration with the Vermont Housing Finance Agency, the Vermont Housing and Conservation Board, the Office of the State Treasurer, and the Treasurer’s Local Investment Advisory Committee in carrying out the provisions of this pilot program.
The Department may enter into agreement BILL AS PASSED BY THE HOUSE H.775 Page 3 of 28 with one or more of the abovementioned partners in carrying out specific provisions of this section.
(3) The Vermont Housing Finance Agency, the Vermont Housing and Conservation Board, and the Office of the State Treasurer shall provide technical and administrative support to the Department of Housing and Community Development in carrying out the provisions of this section.
(b) Administration.
The Department of Housing and Community Development shall administer the Program according to the requirements of this section.
Pursuant to 3 V.S.A.
chapter 25, the Commissioner of Housing and Community Development shall adopt any rules necessary for the implementation, administration, and enforcement of this section.
(c) Application.
The Department of Housing and Community Development shall develop a simple application process for municipalities to participate in the Program that requires the sponsoring municipality to demonstrate compliance with the requirements of this subsection.
(1) Location.
The proposed housing development will be located in a sponsoring municipality with a population of fewer than 5,000 persons and will not be located in a TIF district or a housing development site.
(2) Maximum size.
A proposed housing development must be primarily residential space and may include commercial space.
The residential portion of the proposed housing development shall not exceed 16 housing units.
The BILL AS PASSED BY THE HOUSE H.775 Page 4 of 28 commercial portion of the proposed housing development shall not exceed 5,000 square feet.
(3) Affordability.
At least 15 percent or a minimum of two of the proposed housing units shall be affordable housing units.
Affordable housing units shall be subject to covenants or restrictions that preserve their affordability for a minimum of 15 years or longer as provided in municipal bylaws.
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(d) Selection.
The Department of Housing and Community Development shall develop a procedure for selecting from among the qualifying applications under subsection (c) of this section that takes into consideration both the overall affordability of the proposed housing units and the extent to which tax stabilization facilitates that affordability.
Using the selection procedure, the Commissioner of Housing and Community Development shall recommend to the Commissioner of Taxes up to 300 housing units for tax stabilization.
(e) Tax stabilization.
Notwithstanding any law to the contrary, a sponsoring municipality may contract with the owner of property selected for tax stabilization under subsection (d) of this section to fix and maintain for the duration of 10 years the valuation of the property in the grand list as follows:
(1) From years one through seven.
For the first seven years following completion of construction of the proposed housing development, the property shall be valued at the pre-development value of the property.
BILL AS PASSED BY THE HOUSE H.775 Page 5 of 28 (2) From years eight through ten.
For the final three years of the agreement, the property shall be valued at the pre-development value of the property plus an adjustment calculated as follows:
(A) for year eight, 25 percent of the property value change;
(B) for year nine, 50 percent of the property value change;
and (C) for year 10, 75 percent of the property value change.
(f) Compliance.
The Department of Housing and Community Development shall monitor housing developments awarded tax stabilization under the Program and shall annually confirm with the Department of Taxes compliance with the terms of the tax stabilization agreement for the duration of the agreement.
(g) Reporting.
Annually on or before January 31, the Department of Housing and Community Development shall submit a report to the House Committees on General and Housing and on Ways and Means and the Senate Committees on Economic Development, Housing and General Affairs and on Finance updating the Committees on the status of the Program and any housing developments selected for tax stabilization under the Program.
(h) Definitions.
As used in this section:
(1) “Affordable housing” has the same meaning as in 24 V.S.A.
§ 4303.
(2) “Application period” means the period commencing on the first day the Department accepts applications for the Program and ending three years BILL AS PASSED BY THE HOUSE H.775 Page 6 of 28 following commencement or upon publication by the Department that the application period is closed, whichever occurs first.
(3) “Department” means the Department of Housing and Community Development.
(4) “Housing development site” has the same meaning as in 24 V.S.A.
§ 1906.
(5) “Municipality” means a city, town, or incorporated village.
(6) “Pre-development value” means the valuation of the property as determined in accordance with 32 V.S.A.
chapter 129 as of the most recent annual appraisal date preceding preparation of the property for development.
(7) “Program” means the Rural Housing Finance Pilot Program created by this section.
(8) “Property value change” means the difference in property valuation for a property calculated by subtracting the pre-development value of the property from the fair market value of the property in the year for which the property value change is being calculated.
(9) “TIF district” has the same meaning as “district” in 24 V.S.A.
§ 1891.
BILL AS PASSED BY THE HOUSE H.775 Page 7 of 28 Sec.
2.
32 V.S.A.
§ 5404a(a) is amended to read:
(a) A tax agreement or exemption shall affect the education property tax grand list of the municipality in which the property subject to the agreement is located if the agreement or exemption is:
* * * (3) An agreement relating to affordable housing, which may be approved under this subdivision by the Commissioner of Taxes upon recommendation of the Commissioner of Housing and Community Affairs Development, provided the agreement provides either for new construction housing projects or rehabilitated preexisting housing projects and secures federal financial participation that may include projects financed with federal low income housing tax credits.
* * * (7) An agreement under the Rural Housing Finance Pilot Program established under this act, which may be approved under this subdivision by the Commissioner of Taxes upon recommendation of the Commissioner of Housing and Community Development.
3.
24 V.S.A.
§ 3257 is added to read:
§ 3257.
SPECIAL ASSESSMENT BONDS BILL AS PASSED BY THE HOUSE H.775 Page 8 of 28 (a) Upon approval of the legislative body of the municipality and subject to subsection (c) of this section, a municipality may issue revenue bonds for the purpose of financing a public improvement for the benefit of the limited area of the municipality to be served by the improvement.
A revenue bond issued under this section is issued for an essential and governmental purpose.
(b) A revenue bond issued pursuant to this section shall be payable solely and exclusively from the special assessments levied on the properties to be served by the improvement and shall not constitute general indebtedness of the municipality.
No holder of a bond issued under this section shall have the right to compel any exercise of the taxing power of the municipality to pay on the bond.
(c) The municipality may issue a revenue bond pursuant to this section only if one or more of the following conditions are met:
(1) the Vermont Bond Bank has provided a commitment letter for the issuance;
(2) a major credit rating agency rates the issuance at a minimum credit rating of BBB;
or (3) a private bank has provided a commitment letter for the issuance and a certification that the private bank is a qualified institutional buyer as that term is used in 17 C.F.R.
§ 230.144A (Rule 144A, Securities Act of 1933).
BILL AS PASSED BY THE HOUSE H.775 Page 9 of 28 * * * Vermont Housing Special Fund * * * Sec.
4.
10 V.S.A.
§ 10 is amended to read:
§ 10.
VERMONT STATE TREASURER;
CREDIT FACILITY FOR LOCAL INVESTMENTS (a) Notwithstanding any provision of 32 V.S.A.
§ 433(a) to the contrary, the Vermont State Treasurer shall have the authority to establish a credit facility of up to 10 12.5 percent of the State’s average cash balance on terms acceptable to the Treasurer and consistent with prudent investment principles and guidelines pursuant to 32 V.S.A.
§ 433(b)–(c) 433(b) and (c) and the Uniform Prudent Investor Act, 14A V.S.A.
chapter 9.
(b) The Treasurer may use amounts available under subsection (a) of this section to provide financing for infrastructure projects in Vermont mobile home parks and may modify the terms of such financing in the Treasurer’s discretion as is necessary to promote the availability of mobile home park housing and to protect the interests of the State.
(c) Notwithstanding any provision of 32 V.S.A.
§ 433(a) to the contrary, and in addition to the provisions of subsection (a) on of this section, the Vermont State Treasurer shall have the authority to establish a credit facility of up to two and one-half percent of the State’s average cash balance on terms acceptable to the Treasurer and consistent with prudent investment principles and guidelines pursuant to 32 V.S.A.
§ 433(b)–(c) 433(b) and (c) and the BILL AS PASSED BY THE HOUSE H.775 Page 10 of 28 Uniform Prudent Investor Act, 14A V.S.A.
chapter 9.
The Treasurer may use amounts available under this subsection only to provide financing for climate infrastructure and resilience projects and may modify the terms of such financing in the Treasurer’s discretion as is necessary to protect the interest interests of the State.
(d) Annually, on or before November 15, the Treasurer shall submit a report detailing the activities, financing, and accounting of any credit facilities created pursuant to subsection (c) of this section during the preceding calendar year to the Governor;
the House Committees on Appropriations, on Commerce and Economic Development, and on Ways and Means;
and the Senate Committees on Appropriations, on Economic Development, Housing and General Affairs, and on Finance.
(e)(1) The Treasurer shall retain any interest paid on loans established under this section.
Interest funds shall be transferred upon receipt to the Vermont Housing Special Fund established in section 12 of this title.
(2) Notwithstanding any provision of 32 V.S.A.
§ 433(a) to the contrary, the Treasurer may use interest paid on loans under this subsection to provide capital for housing projects in Vermont that, in the Treasurer’s discretion, are necessary to promote the increased availability of housing, including the bulk purchasing of off-site constructed housing as set forth in subsection (f) of this section.
This capital may be provided on terms acceptable to the Treasurer, BILL AS PASSED BY THE HOUSE H.775 Page 11 of 28 including in the form of grants, interest-free loans, or the investment of equity stakes in housing projects.
(f) The Treasurer shall have the authority to create a credit facility of up to one percent of the State average cash balance pursuant to the total funding allocation under subsection (a) of this section to facilitate the bulk purchasing of off-site constructed housing.
The Treasurer may use amounts available under this subsection and subdivision (e)(2) of this section to aid in the purchase of off-site constructed housing units to facilitate housing development.
Purchases shall be made on terms acceptable to the Treasurer, and any financial losses shall be repaid from the Vermont Housing Special Fund established in section 12 of this title.
Sec.
5.
10 V.S.A.
§ 12 is added to read:
§ 12.
VERMONT HOUSING SPECIAL FUND (a) There is established the Vermont Housing Special Fund to be administered by the State Treasurer in accordance with 32 V.S.A.
chapter 7, subchapter 5.
(b) The Fund shall consist of the following:
(1) any monies appropriated to the Fund by the General Assembly;
(2) any monies transferred to the Fund from the federal government, State agencies, or other governmental sources;
and BILL AS PASSED BY THE HOUSE H.775 Page 12 of 28 (3) any interest paid on loans authorized pursuant to subsection 10(a) or (c) of this title.
(c) The Treasurer shall credit to the Fund all interest and income derived from the deposit and investment of monies in the Fund.
(d) Any unexpended and unencumbered monies at the end of a fiscal year shall remain in the Fund.
(e) The Treasurer may also use these funds to pay the administrative costs necessary to support the credit facilities created in this section.
* * * Off-Site Construction Accelerator Pilot * * * Sec.
6.
OFF-SITE CONSTRUCTION ACCELERATOR PILOT (a) The Agency of Commerce and Community Development in collaboration with the Department of Buildings and General Services shall develop a pilot demonstration project and study that explores the possibilities of reducing housing development costs through modular construction.
(b) The pilot will consider the following elements:
(1) bulk purchasing for a single development or aggregation of multiple developments;
(2) streamlining regulatory processes by creating preapproved modular designs;
BILL AS PASSED BY THE HOUSE H.775 Page 13 of 28 (3) creating a loan loss reserve for construction loans;
(4) off-site construction, including panelized or volumetric modular construction;
(5) establishing a statewide procurement consortium for bulk orders of modular units and materials;
(6) aligning State and local permitting;
and (7) the creation and adoption of off-site building codes.
(c) As part of the pilot, the Agency shall work with the Office of the State Treasurer to identify the feasibility of the State providing a guarantee or other device to facilitate bulk purchasing of the off-site construction of homes.
(d) The pilot shall occur in a municipality willing to participate in the regulatory reforms necessary to implement the process and accept the constructed homes.
(e) A municipal planning grant shall be made available to the participating municipality to assist in enacting the necessary regulatory reforms.
(f) On or before November 15, 2028, the Agency shall submit a written report to the House Committee on General and Housing and the Senate Committee on Economic Development, Housing and General Affairs with its findings and any recommendations for legislative action based on the success of the pilot.
The report shall include information on whether to enact a statewide building code for off-site construction.
BILL AS PASSED BY THE HOUSE H.775 Page 14 of 28 * * * VHIP * * * Sec.
7.
10 V.S.A.
§ 699 is amended to read:
§ 699.
VERMONT RENTAL HOUSING IMPROVEMENT PROGRAM (a) Creation of Program.
(1) The Department of Housing and Community Development shall design and implement the Vermont Rental Housing Improvement Program, through which the Department shall award funding to statewide or regional nonprofit housing organizations, or both, to provide competitive grants and forgivable loans to private landlords for the rehabilitation, including weatherization and accessibility improvements, of eligible rental housing units.
(2) The Department shall develop statewide standards for the Program, including factors that partner organizations shall use to evaluate applications and award grants and forgivable loans.
The Department may authorize partnership organizations to advance funding at the beginning of a project as part of an award.
* * * * * * Positions * * * Sec.
8.
POSITIONS Two new permanent, full-time Grants Management Specialist Housing and Community Development classified positions are created within the Department of Housing and Community Development.
BILL AS PASSED BY THE HOUSE H.775 Page 15 of 28 * * * Effective Date * * * Sec.
9.
EFFECTIVE DATE This act shall take effect on July 1, 2026.
* * * Special Assessment Bonds * * * Sec.
§ 3257 is added to read:
§ 3257 is added to read:
§ 3257.
§ 3257.
VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 2 of 10 (A) the Vermont Bond Bank;
BILL AS PASSED BY THE HOUSE H.775 Page 16 of 28 (A) the Vermont Bond Bank;
§ 10 is amended to read:
§ 10 is amended to read:
§ 433(a) to the contrary and consistent with prudent investment principles and guidelines pursuant to 32 V.S.A.
§ 433(a) to the contrary and consistent with prudent investment principles and guidelines pursuant to V.S.A.
(A) a credit facility of up to 10 12.5 percent of the State’s average cash balance on terms acceptable to the Treasurer and consistent with prudent VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 3 of 10 investment principles and guidelines pursuant to 32 V.S.A.
(A) a credit facility of up to 10 12.5 percent of the State’s average cash balance on terms acceptable to the Treasurer and consistent with prudent BILL AS PASSED BY THE HOUSE H.775 Page 17 of 28 investment principles and guidelines pursuant to 32 V.S.A.
(3) Financial losses of the credit facility established in subdivision (1)(B) of this subsection shall be repaid from the Vermont Housing Special Fund established in section 12 of this title.
§ 433(a) to the contrary, and in addition to the provisions of subsection (a) on of this section, the Vermont State Treasurer shall have the authority to establish a credit facility of up to two and one-half percent of the State’s average cash balance on terms acceptable to the Treasurer and consistent with prudent investment principles and guidelines pursuant to 32 V.S.A.
§ 433(a) to the contrary, and in addition to the provisions of subsection (a) on of this section, the Vermont State Treasurer shall have the authority to establish a credit facility of BILL AS PASSED BY THE HOUSE H.775 Page 18 of 28 up to two and one-half percent of the State’s average cash balance on terms acceptable to the Treasurer and consistent with prudent investment principles and guidelines pursuant to 32 V.S.A.
§ 433(b)–(c) 433(b) and (c) and the VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 4 of 10 Uniform Prudent Investor Act, 14A V.S.A.
§ 433(b)–(c) 433(b) and (c) and the Uniform Prudent Investor Act, 14A V.S.A.
(e) The Treasurer shall retain any interest paid on loans authorized under this section.
Interest funds shall be transferred upon receipt to the Vermont Housing Special Fund established in section 12 of this title.
10 V.S.A.
§ 12 is added to read:
§ 12.
VERMONT HOUSING SPECIAL FUND BILL AS PASSED BY THE HOUSE H.775 Page 19 of 28 (a) There is established the Vermont Housing Special Fund to be administered by the State Treasurer in accordance with 32 V.S.A.
chapter 7, subchapter 5.
(b) The Fund shall consist of the following:
(1) any monies appropriated to the Fund by the General Assembly;
(2) any monies transferred to the Fund from the federal government, State agencies, or other governmental sources;
and (3) any interest paid on loans authorized pursuant to section 10 of this title.
(c)(1) The Treasurer shall use funds under this section to provide capital for housing projects in Vermont that, in the Treasurer’s discretion, are necessary to promote the increased availability of housing, including the bulk purchasing of off-site constructed housing as authorized in subdivision 10(a)(2) of this title.
This capital may be provided on terms acceptable to the Treasurer, including in the form of grants, interest-free loans, or the investment of equity stakes in housing projects.
(2) The Treasurer may use funds to pay the administrative costs necessary to support the credit facilities created in section 10 of this title.
(d)(1) The Treasurer shall credit to the Fund all interest and income derived from the deposit and investment of monies in the Fund.
BILL AS PASSED BY THE HOUSE H.775 Page 20 of 28 (2) Any unexpended and unencumbered monies at the end of a fiscal year shall remain in the Fund.
Sec.
3.
VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 5 of 10 (b) The pilot will consider the following elements:
(b) The pilot will consider the following elements:
(c)(1) As part of the pilot, the Agency shall work with the Office of the State Treasurer to identify the feasibility of the State providing a guarantee or other device to facilitate bulk purchasing of the off-site construction of homes.
BILL AS PASSED BY THE HOUSE H.775 Page 21 of 28 (c)(1) As part of the pilot, the Agency shall work with the Office of the State Treasurer to identify the feasibility of the State providing a guarantee or other device to facilitate bulk purchasing of the off-site construction of homes.
VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 6 of 10 (d) The pilot shall occur in one or more municipalities willing to participate in the regulatory reforms necessary to implement the process and accept the constructed homes.
(d) The pilot shall occur in one or more municipalities willing to participate in the regulatory reforms necessary to implement the process and accept the constructed homes.
* * * VHIP * * * Sec.
BILL AS PASSED BY THE HOUSE H.775 Page 22 of 28 * * * VHIP * * * Sec.
§ 699 is amended to read:
§ 699 is amended to read:
(1) The Department of Housing and Community Development shall design and implement the Vermont Rental Housing Improvement Program, through which the Department shall award funding to statewide or regional nonprofit housing organizations, or both, to provide competitive grants and VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 7 of 10 forgivable loans to private landlords for the rehabilitation, including weatherization and accessibility improvements, of eligible rental housing units.
(1) The Department of Housing and Community Development shall design and implement the Vermont Rental Housing Improvement Program, through which the Department shall award funding to statewide or regional nonprofit housing organizations, or both, to provide competitive grants and forgivable loans to private landlords for the rehabilitation, including weatherization and accessibility improvements, of eligible rental housing units.
§ 212 is amended to read:
§ 212 is amended to read:
* * * (6) “Eligible facility” or “eligible project” means any industrial, commercial, or agricultural enterprise or endeavor approved by the Authority used in a trade or business whether or not such business is operated for profit, including land and rights in land, air, or water;
* * * BILL AS PASSED BY THE HOUSE H.775 Page 23 of 28 (6) “Eligible facility” or “eligible project” means any industrial, commercial, or agricultural enterprise or endeavor approved by the Authority used in a trade or business whether or not such business is operated for profit, including land and rights in land, air, or water;
and equipment of such eligible facilities or eligible projects, except that an eligible facility or project shall not include the portion of an enterprise or endeavor relating to the sale of goods at retail where such goods are manufactured primarily out of State, and except further that an eligible facility VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 8 of 10 or project shall not include the portion of an enterprise or endeavor relating to housing unless otherwise authorized in this chapter.
and equipment of such eligible facilities or eligible projects, except that an eligible facility or project shall not include the portion of an enterprise or endeavor relating to the sale of goods at retail where such goods are manufactured primarily out of State, and except further that an eligible facility or project shall not include the portion of an enterprise or endeavor relating to housing unless otherwise authorized in this chapter.
(iv) a residential care home;
BILL AS PASSED BY THE HOUSE H.775 Page 24 of 28 (iv) a residential care home;
(U) After consultation with, and with deference to, the Vermont Housing Finance Agency on applications that are eligible for financing from both the Authority and the Agency, multiunit housing developments of five or VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 9 of 10 more units when requested by, and jointly financed with, a financing lender, except that the Authority shall not finance housing developments that utilize funding issued by the Agency.
(U) After consultation with, and with deference to, the Vermont Housing Finance Agency on applications that are eligible for financing from both the Authority and the Agency, multiunit housing developments of five or more units when requested by, and jointly financed with, a financing lender, except that the Authority shall not finance housing developments that utilize funding issued by the Agency.
§ 4388 is added to read:
§ 4388 is added to read:
(1) include within the housing element of a municipal plan an identification and analysis of existing and projected housing needs for the projected population of the jurisdiction, including the housing needs for individuals with a disability, and provide regulations that allow for the BILL AS PASSED BY THE HOUSE H.775 Page 25 of 28 rehabilitation, improvement, or development of the number of housing units needed, as identified in the land use plan and future land use map;
or (2) if the municipality cannot meet the regional housing targets developed pursuant to subdivision 4348a(a)(9) of this title, provide to the Department of Housing and Community Development an analysis of regulatory and physical constraints preventing the municipality from developing sufficient housing to meet the regional housing targets, including:
(A) a quantification of the jurisdiction’s existing and projected needed housing types, including location, age, condition, and occupancy required to accommodate existing and estimated population projections;
(B) an inventory of sites, including zoned, unzoned, vacant, underutilized, and potential redevelopment sites, available to meet the jurisdiction’s needed housing types;
(C) an analysis of any constraints to housing development, such as zoning, development standards, and infrastructure needs and capacity, and the identification of market-based incentives that may affect or encourage the development of needed housing types;
and (D) a detailed description of what actions the jurisdiction may take to accommodate the projected needed housing types identified in subdivision (A) of this subdivision (2), including:
BILL AS PASSED BY THE HOUSE H.775 Page 26 of 28 (i) updates to specific zoning or municipal bylaw provisions or maps;
and (ii) updates to specific infrastructure, including municipal water and sewer capacity.
(a) A municipality shall:
(B) an analysis of any constraints to housing development, such as zoning, development standards, and infrastructure needs and capacity, and the VT LEG #388156 v.1 AS PASSED BY HOUSE H.775 Page 10 of 10 identification of market-based incentives that may affect or encourage the development of needed housing types;
(B) an analysis of any constraints to housing development, such as zoning, development standards, and infrastructure needs and capacity, and the identification of market-based incentives that may affect or encourage the development of needed housing types;
and (C) a description of what actions the jurisdiction may take to accommodate the projected needed housing types identified in subdivision (A) of this subdivision (2), including:
and BILL AS PASSED BY THE HOUSE H.775 Page 27 of 28 (C) a description of what actions the jurisdiction may take to accommodate the projected needed housing types identified in subdivision (A) of this subdivision (2), including:
* * * Positions * * * Sec.
8.
POSITIONS Two new permanent, full-time Grants Management Specialist Housing and Community Development classified positions are created within the Department of Housing and Community Development.
[Deleted.] * * * Effective Date * * * Sec.
[Deleted.] BILL AS PASSED BY THE HOUSE H.775 Page 28 of 28 * * * Effective Date * * * Sec.
VT LEG #388156 v.1
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Action History

  1. Referred to Committee on Appropriations per Senate Rule 31

  2. Favorable report with proposal of amendment by Committee on Natural Resources and Energy

  3. Favorable report with proposal of amendment by Committee on Economic Development, Housing and General Affairs

  4. Second Reading

  5. Entered on Notice Calendar

  6. Rules suspended & bill committed to Committee on Natural Resources and Energy with the report of Committee on Economic Development, Housing and General Affairs intact, on motion of Senator Clarkson

  7. Read 1st time & referred to Committee on Economic Development, Housing and General Affairs

  8. Read third time and passed

  9. Action Calendar: Third Reading

  10. Third Reading ordered

  11. Report of Committee on General and Housing, as amended, agreed to

  12. Rep. Charlton of Chester moved to amend the report of the Committee on General and Housing, as amended, which was agreed to

  13. Report of the Committee on General and Housing, as amended, amended as recommended by the Committee on Appropriations

  14. Report of Committee on General and Housing amended as recommended by Committee on Ways and Means

  15. Rep. Dickinson of St. Albans Town recommended for the Committee on Appropriations

  16. Rep. Kimbell of Woodstock recommended for the Committee on Ways and Means

  17. Rep. Charlton of Chester reported for the Committee on General and Housing

  18. Read second time

  19. Action Calendar: Favorable with Amendment

  20. Notice Calendar: Favorable with Amendment

  21. Pending entry on Notice Calendar, referred to Committee on Appropriations per Rule 35(a)

  22. Referred to Committee on Ways and Means per Rule 35(a)

  23. Notice Calendar: Favorable with Amendment

  24. Read first time and referred to the Committee on General and Housing

Sponsors

Sponsorship breakdown

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6 sponsors · 0 co-sponsors · 184 not signed on

Sponsors (6)

Co-sponsors (0)

None.

Not signed on (184)

184 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing
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Frequently asked questions

Who sponsors H 775?
H 775 is sponsored by Michael J Marcotte (Republican), Emilie Krasnow (Democrat), Edye Graning (Democrat), Ashley R Bartley (Republican/Democrat), Thomas "Tom" F Charlton (Republican), and Marc B Mihaly (Democrat).
What is the current status of H 775?
This bill has passed the House. Introduced January 27, 2026. It now moves to the second chamber.
Where can I track H 775?
Track H 775 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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