Vermont Housing and Conservation Board

Changes in the federal tax code could make it harder for economists to predict how much Vermont will collect in state revenues next year.
Angela Evancie / VPR file

Vermont is about to generate the cash needed to pay for one of the biggest affordable housing initiatives in recent history.


The Vermont Housing and Conservation Board has been holding public hearings to gather input on where the state should spend the $35 million that lawmakers approved this year for affordable housing.

During the recent campaign for governor, several candidates suggested that Vermont should use some of its debt capacity to issue a housing bond. And while Governor Phil Scott didn’t come up with this idea himself, to his credit, he’s now adopted it and proposed a thirty five million dollar housing bond.

The Vermont State Police and the attorney general’s office are investigating “an alleged misdirection of funds” at the Vermont Center for Independent Living, according to one of the center’s funders.

Gus Seelig, the executive director of the Vermont Housing and Conservation Board, said a former VCIL employee allegedly misappropriated funds that were intended to be used for the center’s program that funds home accessibility renovations.