Vermont S0240 establishes a fund for state-owned affordable housing projects, managed by the State Treasurer.

Vermont S0240 creates the Vermont Housing Production Revolving Fund, administered by the Office of the State Treasurer. The fund aims to provide perpetual affordable housing for low and moderate-income households. It authorizes the issuance of bonds, notes, or other obligations up to $50,000,000.00 to finance the fund. The fund will be used to purchase or develop multifamily housing units managed by the Vermont Department of Housing and Community Development. Rents for these units will not exceed 30% of a household's income, with annual increases limited to 3%.

Vermont S0240 establishes a fund for state-owned affordable housing projects, managed by the State Treasurer.

Vermont S0240 creates the Vermont Housing Production Revolving Fund, administered by the Office of the State Treasurer. The fund aims to provide perpetual affordable housing for low and moderate-income households. It authorizes the issuance of bonds, notes, or other obligations up to $50,000,000.00 to finance the fund. The fund will be used to purchase or develop multifamily housing units managed by the Vermont Department of Housing and Community Development. Rents for these units will not exceed 30% of a household's income, with annual increases limited to 3%.