An act relating to municipal acquisition of abandoned residential and commercial property, municipal regulation of housing, and State funding for housing development

This bill allows Vermont municipalities to acquire abandoned residential and commercial properties in designated downtown or village areas through purchase, foreclosure, or fines, then use them for public purposes like medical housing or youth facilities. It also empowers municipalities to enforce housing habitability standards and limit annual rent increases, while restructuring state housing funding to prioritize individual property repairs, first-time homebuyers needing repairs, and senior housing developments with specific features (like housing for medical staff). Additionally, all state-funded housing developments must incorporate universal design, include ADA-compliant units, and give priority to people exiting homelessness for designated units. The bill directly affects local governments, property owners in designated zones, renters, and housing developers seeking state funding.