An act relating to financing multiunit housing through the Vermont Economic Development Authority

This bill authorizes the Vermont Economic Development Authority (VEDA) to jointly finance multiunit housing projects (5+ units) with lenders upon request, but only after consulting with the Vermont Housing Finance Agency (VHFA). It requires VEDA to defer to VHFA on applications eligible for financing from both entities. VEDA cannot fund housing developments that already use VHFA's funding. The bill directly affects developers and lenders seeking financing for qualifying multiunit housing projects in Vermont.