An act relating to promoting economic development, administrative capacity, and vitality in rural communities

This bill creates the Vermont Rental Housing Improvement Program to provide grants and forgivable loans to private landlords for rehabilitating rental housing units, with a focus on non-code-compliant or newly created units. The program is administered by the Department of Housing and Community Development through statewide or regional nonprofit housing organizations, which distribute funds to eligible landlords who must contribute at least 20 percent in matching funds or in-kind services. Recipients cannot use assisted units for short-term rentals and must prioritize leasing to households exiting homelessness or refugee resettlement programs for five years, with alternative income-based tenant requirements if qualifying households are unavailable. The bill also establishes transparency requirements, mandating that recipient identities and award amounts be published quarterly online, and limits individual grants or loans to a maximum of $50,000 per unit.