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.
Title 24 : Municipal and County Government
Chapter 053 : Indebtedness
Subchapter 007 : COMMUNITY AND HOUSING INFRASTRUCTURE PROGRAM
(Cite as: 24 V.S.A. § 1909)-
§ 1909. Housing infrastructure agreement
(a) The housing infrastructure agreement for a housing infrastructure project shall:
(1) clearly identify the sponsor for the housing infrastructure project;
(2) clearly identify the developer and the housing development for the housing development site;
(3) obligate the tax increments retained pursuant to section 1910c of this subchapter for not more than the financing and related costs for the housing infrastructure project;
(4) provide that any housing unit within the housing development be offered exclusively as a primary residence until all indebtedness for the housing infrastructure project of which the housing development is part has been retired, provided that this condition shall be satisfied by biennially providing a landlord certificate or homestead declaration; and
(5) provide for performance assurances to reasonably secure the obligations of all parties under the housing infrastructure agreement.
(b) A municipality shall provide notice of the terms of the housing infrastructure agreement for the municipality’s housing infrastructure project to the legal voters of the municipality and shall provide the same information as set forth in subsection 1910a(e) of this subchapter. (Added 2025, No. 69, § 20, eff. July 1, 2025.)
