The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
003
:
POWERS AND DUTIES
(Cite as: 10 V.S.A. § 322)
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§ 322. Allocation system
(a) In determining the allocation of funds available for the purposes of this chapter,
the Board shall give priority to projects that combine the dual goals of creating
affordable housing and conserving and protecting Vermont’s agricultural land, historic
properties, important natural areas or recreation lands and also shall consider, but
not be limited to, the following factors:
(1) the need to maintain balance between the dual goals in allocating resources;
(2) the need for a timely response to unpredictable circumstances or special opportunities
to serve the purposes of this chapter;
(3) the level of funding or other participation by private or public sources in the activity
being considered for funding by the Board;
(4) what resources will be required in the future to sustain the project;
(5) the need to pursue the goals of this chapter without displacing lower income Vermonters;
(6) the long-term effect of a proposed activity and, with respect to affordable housing,
the likelihood that the activity will prevent the loss of subsidized housing units
and will be of perpetual duration;
(7) geographic distribution of funds.
(b) The Board’s allocation system shall include a method, defined by rule, that evaluates
the need for, impact, and quality of activities proposed by applicants. (Added 1987, No. 88, § 1, eff. June 11, 1987; amended 1997, No. 156 (Adj. Sess.), § 45, eff. April 29, 1998.)