The bill S.328 aims to enhance housing and community development in Vermont by amending various sections of existing law. It mandates that municipal plans include a housing element that not only addresses housing needs and targets but also analyzes regulatory and physical constraints to housing development. Additionally, municipalities are required to document progress toward meeting housing targets and update this information as plans are amended. The bill also increases the Vermont State Treasurer's authority to establish a credit facility for local investments from 10% to 12.5% of the state's average cash balance, with specific provisions for financing climate infrastructure projects.

Furthermore, the bill establishes a Service-Supported Housing Advisory Council to improve alignment between human services and housing programs for individuals receiving Medicaid-funded services. It also includes provisions for common interest communities, requiring a report on legal issues related to leasing and construction within these communities. The bill emphasizes the need for equitable treatment of various housing types in municipal zoning bylaws and mandates that municipalities cannot exclude mobile homes or multiunit dwellings from areas designated for year-round residential development. The act is set to take effect on July 1, 2026.

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