An act relating to creating tools for housing production

This bill proposes several measures to increase housing availability in Vermont. It would create a pilot program to help develop affordable housing in rural areas by offering tax stabilization for new construction. The bill also allows municipalities to issue revenue bonds for public improvements, backed by special assessments, and increases the State Treasurer's authority to establish credit facilities for mobile home park infrastructure and the bulk purchase of off-site constructed housing. Finally, it establishes the Vermont Housing Special Fund to manage interest earned on loans related to these housing initiatives.

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