Missing Middle Housing Proposal Advances
The House General, Housing, and Military Affairs Committee made changes to the proposed Missing Middle Home Ownership Development Program, but ultimately kept the proposal largely intact. This program is designed to confront the value gap between the cost of building a modest home and the selling price through a subsidy to the housing developer with the outcome of adding more housing supply. This program will retain the provided subsidy in the home over time while allowing homeowners to build equity, an essential factor to creating generational wealth and eliminating generational poverty. The Vermont Chamber has championed the need to increase the overall amount of housing units in Vermont, focusing on housing options for middle-income Vermonters to grow and retain our workforce.
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