On June 28th, a significant achievement from this legislative session was signed into law: 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 is attached.)
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 are 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 in your area to learn more about the revenue bond and to hear your ideas:
Manchester Public Library Winooski Valley Park District 138 Cemetary Ave, Manchester 1 Ethan Allen Homestead, Burlington July 27th 10:30 – 12:00 July 31st 1:00 – 2:30
In the interim, feel free to contact Martin Hahn, our Housing Director (firstname.lastname@example.org, 828-3259), if you have questions or feedback.
Thanks to everyone who gave voice to the need for this investment to assist both our most vulnerable citizens and our workforce.