The bill S.328 focuses on housing and common interest communities in Vermont, proposing several amendments to existing laws. Notably, it grants the Vermont State Treasurer the authority to establish a credit facility of up to 12.5 percent of the state's average cash balance, replacing the previous limit of 10 percent. The bill also expands the role of the Department of Housing and Community Development by including the Vermont Economic Progress Council in the off-site construction accelerator pilot program. Additionally, it modifies regulations regarding land development, ensuring that mobile homes, manufactured housing, and prefabricated housing are not excluded from districts that allow year-round residential development, and it allows duplexes to be a permitted use under less restrictive conditions.

Further amendments include the requirement for municipalities to designate appropriate districts for multiunit or multifamily dwellings and to ensure that accessory dwelling units are not excluded from single-family dwellings. The bill mandates that the Office of Legislative Counsel provide a report by November 15, 2026, on various legal and compliance issues related to common interest communities. Lastly, the effective date of the act is set for July 1, 2026, with specific provisions taking effect on January 1, 2028.

Statutes affected:
As Introduced: 32-5930u, 10-6252, 10-212, 24-4412, 24-4303
As Passed By the Senate -- Official: 32-5930u, 10-6252, 10-212, 24-4412, 24-4303, 24-4382, 10-10, 24-5803
As Passed By the Senate -- Unofficial: 24-4382, 10-10, 10-212, 24-4412, 24-4303, 24-5803
As Passed by Both House and Senate -- Official: 32-5930u, 10-6252, 10-212, 24-4412, 24-4303, 24-4382, 10-10, 24-5803, 10-25, 10-699, 24-1896(c), 24-1896, 24-1910b(f), 24-1910b
As Passed by Both House and Senate -- Unofficial: 10-10, 10-212, 10-25, 10-699, 24-1896(c), 24-1896, 24-1910b(f), 24-1910b, 24-4382, 24-4412, 24-5803
As Enacted: 10-10, 10-212, 10-25, 10-699, 24-1896(c), 24-1896, 24-1910b(f), 24-1910b, 24-4382, 24-4412, 24-5803
Senate proposal of amendment to House proposal of amendment Official: 24-4412, 24-5803
Senate proposal of amendment to House proposal of amendment Unofficial: 24-4412, 24-5803