Uncategorized April 3, 2023

S.100 & How You Can Make An Impact on Low Housing Inventory

The lack of housing across the board has made it difficult for homebuyers to purchase over the last few years. Specifically in Vermont, our supply is even lower than it was this time last year.

“Vermont Association of Realtors Government Affairs Committee has been working with the Senate Economic Development, Housing and General Affairs Committee to craft a bill, S.100, that will encourage new housing development by standardizing municipal zoning regulations and relaxing Act 250 requirements. The Senate Natural Resources and Energy Committee has amended this bill, leaving the municipal zoning changes in place but limiting Act 250 changes to 34 distinct municipalities in Vermont.
This call to action campaign will encourage all 30 Senators to support a floor amendment extending the ACT 250 waiver to 138 towns with permanent zoning and sub-division bylaws.”

It’s expected that Vermont will need to add 40,000 houses by 2030 to be considered in a “healthy real estate market.” The executive director of the Vermont Housing Finance Agency has claimed that goal will be all but impossible unless Vermont invests more money and overhauls its regulatory environment surrounding ACT 250.

The link below will take you to a page where you can get more of an understanding of this bill and what it aims to accomplish.