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VT H0466
Bill
Status
3/12/2025
Primary Sponsor
Edward Waszazak
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AI Summary
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Agency of Commerce and Community Development would establish a voluntary buyout program for flood-prone properties that are ineligible for FEMA buyouts or identified by municipalities for flood-resilient redevelopment or floodplain restoration
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Creates a homeowner assistance program providing financial support for elevating homes in flood-prone areas
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Program would help relocate displaced residents to permanent housing
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Financial assistance would be available for rebuilding homes using flood-resilient materials and designs
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Short-form bill introduced by Representatives Waszazak (Barre City) and Galfetti (Barre Town); full legislative text not yet drafted
Legislative Description
An act relating to flood response and the creation of a voluntary buy-out program
Last Action
Read first time and referred to the Committee on General and Housing
3/12/2025