An act relating to the creation of a housing pilot program in Washington and Lamoille Counties

H.678 creates a pilot program to finance 250 new housing units in Washington and Lamoille Counties using municipal debt. The program would be funded by dedicating 100% of property tax increments from municipal or education properties within those counties. This aims to lower rental costs or make homeownership more affordable for new developments. The bill directly affects residents and developers in these two counties by providing a new funding mechanism for housing projects.