The VMBA has been hard at work in the statehouse, representing the mortgage industry in support of affordable housing programs and significant Act 250 and permit relief to be included in S.100, the Housing Bill.
On Thursday, April 13th, Abbie Jefferis of NEFCU and Katie Caron of CATIC spent one hour with the House Committee on General, Housing and Military Affairs. This testimony focused on the state of the mortgage industry, affordable housing programs, and the overall need for more houses. The committee was eager to learn about the affordable housing initiatives at work and found data on lender pull through, meaning how many successful pre-approved homeowners are able to find a home, of particular interest.
On Friday, April 21st, Abbie Jefferis of NEFCU and Stephen Kendall of Union Bank spent half an hour with the House Committee on Environment and Energy. This testimony focused specifically on the need for regulatory relief to address the serious housing inventory shortage in Vermont and its negative impact on affordability. In support of this, Abbie and Steve shared institution specific trend data. The committee had a number of questions related to zoning and permitting issues lenders encounter.
With both committees, VMBA emphasized the need for more housing through data and personal stories. Please check out the following links showing VMBA testimony in support of affordable housing programs, Act 250 reform, and permit relief to be included in the Housing Bill S.100.”
April 13th: House General 04-13-23 - YouTube
April 21st: House Environment & Energy-04-21-23-1:06PM - YouTube
