Vermont Neighborhoods Law Expansion
The Commissioner of Economic Development, Housing and Community Affairs has proposed the Vermont Neighborhoods law be expanded to allow housing developers to more easily utilize the streamlined regulations offered by the program. The Vermont Neighborhoods law passed a few years ago offers communities the chance to designate smart growth areas for new housing development. Act 250 is waived in those designated areas, subject to affordability and density requirements. Right now, only a municipality can nominate an area for this designation. Under the Shumlin Administration’s proposal, a developer would be able to nominate an area for the designation.
The proposal will be considered in the coming weeks as the House Commerce Committee discusses the Jobs Bill.