Housing Revenue Bond Initiative

Colleagues,

We anticipate a significant achievement from this legislative session: approval of a $35 million revenue bond to invest in affordable and workforce housing. The bond was proposed by Gov. Scott in January and was enthusiastically received by both the House and the Senate. (A summary of the proposed uses of the bond can be found here.) While there remains uncertainty about the state’s budget, we have been assured by the Governor’s office and legislative leadership that the bond remains a high priority for both and it would be appropriate to begin planned outreach.

The revenue bond will be issued by VHFA and administered by VHCB. As we outline the investment of bond proceeds in housing development projects, we want to begin by reaching out to communities around the state for help in identifying highest priority needs and projects. I would like to invite you to a meeting to learn more about the revenue bond and to hear your ideas:

June 23, 1:30 – 3:00 pm Hartford Municipal Building Room 12, First Floor

In the interim, feel free to contact Martin Hahn, our Housing Director (mhahn@vhcb.org, 828-3259), if you have questions or feedback and feel share this event within your network.

#AffordableHousing

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