Tag Archives: American Rescue Plan Act

Shouldn’t We Be Thinking Big on Housing?

As the Legislature pursues an actual housing policy in the absence of Gov. Phil Scott, who is focused solely on regulatory reform, there’s my question.

Shouldn’t we be thinking big?

Like “a record-breaking bond issue to jumpstart our supply of affordable housing” big.

Back in 2017 the Legislature and governor approved a $37 million affordable housing bond. In the ensuing two years, then-senator Michael Sirotkin, then chair of the Senate Economic Development Committee, proposed a second bond of $35 million (2019) or $50 million (2020). His efforts fell short, in part because then-treasurer Beth Pearce expressed concern about Vermont’s total indebtedness,

Well, it’s more than time to reopen that question and, honestly, push it as far as we possibly can. I’d aim high, maybe $250 million, and see what I could get. Why not? If we have a housing crisis, shouldn’t the response be proportionate?

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