Vermont H 667: An act relating to collective homeownership resources

Bill Text

BILL AS INTRODUCED H.667
2026 Page 1 of 2

VT LEG #386192 v.1
H.667 1
Introduced by Representatives Tomlinson of Winooski and Krasnow of South 2
Burlington 3
Referred to Committee on 4
Date: 5
Subject: Executive; Department of Housing and Community Development; 6
housing; cooperative housing 7
Statement of purpose of bill as introduced: This bill proposes to require the 8
Department of Housing and Community Development to provide public 9
information and resources on establishing collective homeownership. 10
An act relating to collective homeownership resources 11
It is hereby enacted by the General Assembly of the State of Vermont: 12
Sec. 1. 3 V.S.A. § 2472 is amended to read: 13
§ 2472. DEPARTMENT OF HOUSING AND COMMUNITY 14
DEVELOPMENT 15
(a) The Department of Housing and Community Development is created 16
within the Agency of Commerce and Community Development. The 17
Department shall: 18
* * * 19

BILL AS INTRODUCED H.667
2026 Page 2 of 2

VT LEG #386192 v.1
(6) Provide information and resources to the public on effective methods 1
of establishing collective homeownership. Resources shall include materials 2
and guides for organization, governance, and conflict resolution of collective 3
homeownership models, standard template articles of incorporation to establish 4
a cooperative housing corporation under 11 V.S.A. chapter 14, and template 5
agreements for establishing a tenants-in-common homeownership 6
arrangement. Resources shall be made available online in a user-friendly 7
format and at no cost to the public. 8
* * * 9
Sec. 2. EFFECTIVE DATE 10
This act shall take effect on July 1, 2026. 11