Vermont § 1909 - Housing infrastructure agreement
Full text of Vermont Vermont Statutes Online § 1909 — Housing infrastructure agreement, with citation guidance and answers to common questions.
§ 1909. Housing infrastructure agreement
- (a) The housing infrastructure agreement for a housing infrastructure project shall: (1) clearly identify the sponsor for the housing infrastructure project; (2) clearly identify the developer and the housing development for the housing development
site; (3) obligate the tax increments retained pursuant to section 1910c of this subchapter
for not more than the financing and related costs for the housing infrastructure project; (4) provide that any housing unit within the housing development be offered exclusively
as a primary residence until all indebtedness for the housing infrastructure project
of which the housing development is part has been retired, provided that this condition
shall be satisfied by biennially providing a landlord certificate or homestead declaration;
and (5) provide for performance assurances to reasonably secure the obligations of all parties
under the housing infrastructure agreement. (b) A municipality shall provide notice of the terms of the housing infrastructure agreement
for the municipality’s housing infrastructure project to the legal voters of the municipality
and shall provide the same information as set forth in subsection 1910a(e) of this
subchapter. (Added 2025, No. 69, § 20, eff. July 1, 2025.)
Frequently Asked Questions About Vermont § 1909
What does Vermont Statutes Online § 1909 cover?
Section 1909 ("Housing infrastructure agreement") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1909?
A common citation format is "Vermont Statutes Online § 1909" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1909 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.