VT H0775

Creates the Rural Housing Finance Pilot Program allowing tax stabilization for up to 300 housing units in municipalities with fewer than 5,000 residents over three years, with developments limited to 16 units and requiring at least 15% affordable housing

Establishes a 10-year tax stabilization structure where property is valued at pre-development rates for years 1-7, then gradually increases (25%, 50%, 75% of value change) in years 8-10

Authorizes municipalities to issue revenue bonds backed by special assessments to finance public improvements within special assessment districts, with bonds requiring Vermont Bond Bank commitment, BBB credit rating, or qualified institutional buyer certification

Increases the State Treasurer's credit facility authority from 10% to 12.5% of average cash balance for mobile home park infrastructure financing, and creates an additional 1% credit facility for bulk purchasing of off-site constructed housing

Establishes the Off-Site Construction Accelerator Pilot to study reducing housing costs through modular construction, with a report due November 15, 2028, and creates two new Grants Management Specialist positions in the Department of Housing and Community Development