Vermont H0874 proposes municipal acquisition of abandoned property, regulation of housing, and state funding for housing development.

Vermont H0874 proposes measures for municipal acquisition of abandoned residential and commercial property, regulation of housing, and state funding for housing development. The bill authorizes municipalities to acquire abandoned properties through voluntary sale, judicial foreclosure, or other lawful means, and to enforce habitability standards and controls on annual rent increases. It also proposes to increase fines on abandoned residential properties in designated downtown or village areas.

Vermont H0874 proposes municipal acquisition of abandoned property, regulation of housing, and state funding for housing development.

Vermont H0874 proposes measures for municipal acquisition of abandoned residential and commercial property, regulation of housing, and state funding for housing development. The bill authorizes municipalities to acquire abandoned properties through voluntary sale, judicial foreclosure, or other lawful means, and to enforce habitability standards and controls on annual rent increases. It also proposes to increase fines on abandoned residential properties in designated downtown or village areas.