Vermont H0378 establishes a housing infrastructure tax increment financing program for municipalities.

Vermont H0378 creates a housing infrastructure tax increment financing program, allowing municipalities to use statewide education property tax and municipal property tax increment to fund housing infrastructure projects. The Vermont Economic Progress Council oversees the program, approving tax increment financing plans and reviewing applications. Municipalities must create housing infrastructure projects and development sites, hold public hearings, and develop housing development plans.

Vermont H0378 establishes a housing infrastructure tax increment financing program for municipalities.

Vermont H0378 creates a housing infrastructure tax increment financing program, allowing municipalities to use statewide education property tax and municipal property tax increment to fund housing infrastructure projects. The Vermont Economic Progress Council oversees the program, approving tax increment financing plans and reviewing applications. Municipalities must create housing infrastructure projects and development sites, hold public hearings, and develop housing development plans.