Vermont Statutes Title 24 Sec. 4498
Terms Used In Vermont Statutes Title 24 Sec. 4498
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Plan: means a municipal plan adopted under section 4385 of this title. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 4498. Housing budget and investment reports
The Commissioner of Housing and Community Development shall:
(1) Create a Vermont housing budget designed to assure efficient expenditure of State funds appropriated for housing development, to encourage and enhance cooperation among housing organizations, to eliminate overlap and redundancy in housing development efforts, and to ensure appropriate geographic distribution of housing funds. The Vermont housing budget shall include any State funds of $50,000.00 or more awarded or appropriated for housing. The Vermont housing budget and appropriation recommendations shall be submitted to the General Assembly annually on or before January 15. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the recommendations to be made under this subdivision, and the report shall include the amounts and purposes of funds appropriated for or awarded to the following:
(A) The Vermont Housing and Conservation Trust Fund.
(B) The Agency of Human Services.
(C) The Agency of Commerce and Community Development.
(D) Any other entity that fits the funding criteria.
(2) Annually, develop a Vermont Housing Investment Plan in consultation with the Vermont Housing Council. The Housing Investment Plan shall be consistent with the Vermont consolidated plan for housing, in order to coordinate the investment of State, federal, and other resources, such as State appropriations, tax credits, rental assistance, and mortgage revenue bonds, to increase the availability and improve the quality of Vermont’s housing stock. The Housing Investment Plan shall be submitted to the General Assembly, annually on January 15. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the Plan to be made under this subdivision, and the Plan shall:
(A) target investments at single-family housing, mobile homes, multi-family housing, and housing for homeless persons and people with special needs;
(B) recommend approaches that maximize the use of available State and federal resources;
(C) identify areas of the State that face the greatest housing shortages; and
(D) recommend strategies to improve coordination among State, local, and regional offices in order to remedy identified housing shortages. (Added 2005, No. 189 (Adj. Sess.), § 12; amended 2013, No. 142 (Adj. Sess.), § 38.)