Bill
Bill > H0757
summary
Introduced
01/22/2026
01/22/2026
In Committee
02/18/2026
02/18/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
This bill proposes to make amendments to the form of and conversion process for mobile home real estate deeds; make amendments to limited equity cooperative housing corporations to prohibit subleasing of a unit for a limited equity cooperative incorporated after June 30, 2026, unless the member can demonstrate a hardship, to specify that limited equity cooperatives are to be treated as nonprofit corporations, and to specify that limited equity cooperatives serve low- and moderate-income individuals for State funding and grant purposes; for the purposes of municipal zoning, to allow manufactured housing to the same extent as other housing; to exempt limited equity cooperative housing corporations from needing to obtain a stormwater permit due to the discharge of stormwater from impervious H.757 surface of three or more acres; and to exempt all mobile homes from sales tax, to subject mobile homes previously subject to sales tax to the property transfer tax, and to exempt from property taxes mobile home parks organized as a limited equity cooperative.
AI Summary
This bill makes several changes related to manufactured homes and limited equity cooperatives, aiming to simplify processes and increase affordability. It modifies the requirements for real estate deeds for mobile homes, now referred to as manufactured homes, to streamline their conversion into residential real estate. For limited equity cooperatives, which are housing corporations designed to provide affordable housing for low- and moderate-income individuals, the bill prohibits subleasing of units for cooperatives formed after June 30, 2026, unless a member faces hardship, and clarifies that these cooperatives are treated as nonprofit organizations for state funding purposes. Additionally, the bill ensures that manufactured homes are treated the same as other housing types in municipal zoning regulations, exempts limited equity cooperatives from needing a stormwater permit for large impervious surfaces, and exempts all mobile homes from sales tax while shifting those previously subject to sales tax to the property transfer tax, and exempts mobile home parks organized as limited equity cooperatives from property taxes.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (2)
Last Action
House Committee on Ways and Means Hearing (13:15:00 2/25/2026 Room 45) (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.vermont.gov/bill/status/2026/H.757 |
| BillText | https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0757/H-0757%20As%20Introduced.pdf |
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