That may be interesting!

I do development and redevelopment project all over the State, however, no residential (yet).

Thank you, Sarah. One of my questions for developers would be whether the income eligibility requirements would still allow the projects to be financially feasible without any tax credit programs. 

 

For instance, the project would require that 25% of the units be leased/sold to people with a household income less than 100% of median and 50% of the units leased/sold to people with a household income less than 150% of median, leaving 25% for market rate. And the income eligible units must not be more than 30% of the income of the renters/purchasers. 

Thanks,

Katie 

On Feb 24, 2016, at 11:57 AM, Sarah Cowan <SCOWAN@NBMVT.COM> wrote:

As a point of origin, the Addison County Economic Development Corp (Fred Baser’s district) has been exploring the cost of housing versus affordability specifically related to work force affordability for some time now.  We see it as a major hurdle in attracting and keeping a strong work force in VT – whether it be single family homeownership or rental units.  We proposed this concept after conversation with RE developers and others and asked Fred to sponsor it for us.

 

We hope that the RE developers see value in this bill and that you will support the concept.  Yes, Fred is a good resource if you have questions, as is former legislator Paul Ralston.  ACEDC board president and Country Home Products CFO, Christopher Knapp, also hopes to testify tomorrow, in favor of the bill.

 

-Sarah Cowan, board member, ACEDC

 

 

Sarah A. P. Cowan
Senior Vice President
National Bank of Middlebury
P. O. Box 189
Middlebury VT  05753
Direct Phone: (802) 388-0888
Fax:  (802) 388-6077
Email: scowan@nbmvt.com

 

<image002.png>

 

From: vtdevelopment-manager@simplelists.com [mailto:vtdevelopment-manager@simplelists.com] On Behalf Of Blair Enman
Sent: Wednesday, February 24, 2016 11:25 AM
To: vtdevelopment@simplelists.com
Subject: RE: [VT Dev] H702 -- Workforce housing bill

 

Katie:

 

Thanks, I’ll try to find time to review the bill, so many others in the way.

 

Blair J. Enman, PE, Founding Partner

 

<image003.jpg>

Seeking Cost Effective Solutions since 1982

www.EnmanEngineering.com

 

61 Prospect Street

Rutland, VT 05701

(802) 775-3437

 

From: vtdevelopment-manager@simplelists.com [mailto:vtdevelopment-manager@simplelists.com] On Behalf Of Katie Taylor
Sent: Wednesday, February 24, 2016 11:20 AM
To: vtdevelopment@simplelists.com
Subject: Re: [VT Dev] H702 -- Workforce housing bill

 

Blair,

 

We will be testifying in favor of the concept. As always, the details are important. The bill is quite short, and I would recommend taking a look at it. 

 

Funding would be appropriated from the state for infrastructure improvements, and the exact location of the projects is not stated. Those interested would have to apply, and one must happen in a community of less than 10k and one in a community of more than 10k.

 

Katie 

Sent from my iPhone

On Feb 24, 2016, at 10:45 AM, Blair Enman <benman@enmanengineering.com> wrote:

Katie:

 

Are you testifying in favor or opposed? What is the gist of the testimony? Who is funding these endeavors? What is the expected expense? Will this require more staffing at the state?

 

Are these located in Chittenden County, or are they to be located in the rest of Vermont?

 

Thanks,

 

Blair J. Enman, PE, Founding Partner

 

Seeking Cost Effective Solutions since 1982

www.EnmanEngineering.com

 

61 Prospect Street

Rutland, VT 05701

(802) 775-3437

 

From: vtdevelopment-manager@simplelists.com [mailto:vtdevelopment-manager@simplelists.com] On Behalf Of Katie Taylor
Sent: Wednesday, February 24, 2016 10:34 AM
To: vtdevelopment@simplelists.com
Subject: Re: [VT Dev] H702 -- Workforce housing bill

 

All,

 

I will be testifying on this bill tomorrow afternoon on behalf of the Lake Champlain Chamber and GBIC - if there are issues you would like raised, please let me know.

 

Thank you,

Katie 

On Feb 24, 2016, at 10:25 AM, Stephanie Hainley <shainley@whiteandburke.com> wrote:

All,

The House Housing & Military Affairs Committee will be taking testimony tomorrow (Thurs) on H702 -- a bill promoting workforce housing.

"The bill would authorize planning grants, infrastructure funding, and regulatory benefits to support two workforce housing pilot projects to be sited in neighborhood development areas."

http://legislature.vermont.gov/assets/Documents/2016/Docs/BILLS/H-0702/H-0702%20As%20Introduced.pdf

If you're interested in testifying, Fred Baser is the sponsor and would have more information.

Stephanie

--

 

<mime-attachment.gif>

White + Burke Real Estate Investment Advisors, Inc.

Founded 1990

Stephanie T. Hainley
Chief Operating Officer & Senior Project Manager
40 College Street, Suite 100
PO Box 1007
Burlington, VT 05402-1007
P: 802-862-1225 x16
F: 802-862-3601
www.whiteandburke.com

The contents of this e-mail message and any attachments are confidential and are intended solely for the addressee. The information may also be legally privileged. This transmission is sent in trust, for the sole purpose of delivery to the intended recipient. If you have received this transmission in error, any use, reproduction or dissemination of this transmission is strictly prohibited. If you are not the intended recipient, please immediately notify the sender by reply e-mail or phone and delete this message and its attachments, if any.

Before printing this email, please think about the environment.

 

Vermont Development Community Listserv - brought to you by White + Burke

Real Estate Investment Advisors, Inc. To post to this list, simply

address your email to vtdevelopment@simplelists.com. To unsubscribe from

this list please go to http://archives.simplelists.com.

Vermont Development Community Listserv - brought to you by White + Burke

Real Estate Investment Advisors, Inc. To post to this list, simply

address your email to vtdevelopment@simplelists.com. To unsubscribe from

this list please go to http://archives.simplelists.com.

Vermont Development Community Listserv - brought to you by White + Burke

Real Estate Investment Advisors, Inc. To post to this list, simply

address your email to vtdevelopment@simplelists.com. To unsubscribe from

this list please go to http://archives.simplelists.com.

Vermont Development Community Listserv - brought to you by White + Burke

Real Estate Investment Advisors, Inc. To post to this list, simply

address your email to vtdevelopment@simplelists.com. To unsubscribe from

this list please go to http://archives.simplelists.com.

Vermont Development Community Listserv - brought to you by White + Burke

Real Estate Investment Advisors, Inc. To post to this list, simply

address your email to vtdevelopment@simplelists.com. To unsubscribe from

this list please go to http://archives.simplelists.com.

For confidential communication please email through our secure email portal: https://securemail1.messagelabs.com/s/login?b=nationalbankmiddlebury
______________________________________________________________________
CONFIDENTIALITY NOTICE: This email is intended for the individual/individuals or entity/entities named above and may be covered by copyrights, business partner confidentiality agreements, nondisclosures, or other legally binding instruments. If you are not the intended recipient, do not read, copy or disclose the contents of this communication to others. Notify the sender, destroy all hard copies and delete email from all systems. Thank You.

Vermont Development Community Listserv - brought to you by White + Burke

Real Estate Investment Advisors, Inc. To post to this list, simply

address your email to vtdevelopment@simplelists.com. To unsubscribe from

this list please go to http://archives.simplelists.com.

Vermont Development Community Listserv - brought to you by White + Burke

Real Estate Investment Advisors, Inc. To post to this list, simply

address your email to vtdevelopment@simplelists.com. To unsubscribe from

this list please go to http://www.simplelists.com/confirm.php?u=ckLVsOISL58ib9bEySThlqHU4zSwjUNI.