Blog :: 2020

Vermont Economic Recovery & Relief Package

Source: State of Vermont 

On May 20th, Governor Phil Scott outlined an economic recovery & relief package using $400 million of $1.25 billion the state received as part of the Federal CARES Act.  The two-phase plan first addresses the businesses and industries that were impacted most, with $310 million designated to sectors that are in need of immediate relief.

Included in phase one is $50 million designated for housing assistance, with the majority of the funds to be used to cover situations where impacted tenants cannot pay rent and as a result, landlords are financially impacted.  The program is open to all rental property owners with a maximum of 20 units assisted per owner.  According to VermontBiz.com, "payments will be disbursed through housing service provider(s) selected through the RFP process with oversight authority through the Department of Housing and Community Development."

The second phase consisting of the remaining $90 million focuses on long-term recovery and investments in broadband internet, job training, permit modernization and additional housing assistance.  It is estimated that over 13,000 Vermont households could be assisted using funds from phase one of this newly enacted bill.

For more details on the package, check out the COVID-19 Recovery Resource Center on the state of Vermont ACCD Website  or view / download this informational 12 page Resource Guide.  

For additional insight or questions on the VT Multi Family real estate market, don't hesitate to email us anytime at Team@LipkinAudette.com or give us a call at (802) 846-9575. 

Working Through the Challenges of COVID-19

 

To Our Valued Clients, Customers & Community,

 

I hope you and your family are well. It’s hard to put into words the many emotions that we are all facing in dealing with this unprecedented health crisis. Like you, we are taking things one day at a time while remaining resilient and steadfast in our goal to continue to provide our clients with the same above & beyond level of service that members of our team have proudly offered for the last 30+ years in our local community.

Most importantly, our thoughts and prayers go out to all those affected by COVID-19 across the globe. As the virus continues to impact our community and everyday way of life, we feel that is it important to communicate with you directly to share more about the steps that we are taking to help do our part in limiting the spread and keeping the health & safety of our trusted clients and team members as our number one priority.

We have asked the dedicated agents and staff of the Lipkin Audette Team to work remotely, with additional technology and support being provided by the amazing leadership team at Coldwell Banker Hickok & Boardman.

Until further notice, all upcoming open houses have been canceled. Fortunately, many of our listings have interactive virtual 3D tours enabling Buyers to tour the entire property from anywhere with an internet connection.  Accordingly, we are substituting personal meetings with Facetime or Microsoft Teams, contracts and all documents are seamlessly being passed & signed electronically using Dotloop. We feel very fortunate that our commitment to advanced technology is allowing us to continue to serve our valued clients and community.

Recognizing the vital importance that Home plays in everyone’s life, we are constantly adapting and will continue to help our community list, sell and buy homes. If there is anything we can do to help, please don’t hesitate to email us at team@LipkinAudette.com or give us a call at [802] 846-8800. We are amazed by the support and love that our community has shown in these difficult times and are fully committed to doing whatever it takes to help and support our neighbors in need!

 

Best, the Lipkin Audette Team

Accessory Dwelling Units (ADUs) | Policy Reform

Exciting news for Burlington Property owners!

Photo: James Buck | Seven Days

Accessory Dwelling Units (ADUs) have been long been legal in the city Burlington. However, until now, a rigid zoning policy had effectively limited the number of legally permitted and constructed ADUs to just 45 over the last 10+ years. 

On February 18th, 2020, the City Council unanimously adopted the proposed zoning reforms for Accessory Dwelling Units (ADUs) in Burlington.  According to the City of Burlington’s website, “The goal of this reform is to encourage the creation of ADUs to support homeowners as they age in place, provide a flexible option to help owners continue to afford their homes and add additional affordable housing options within existing neighborhoods”.

Recommendations for this legislation were provided by the City’s 2018 ADU White Paper as well as input from the Mayor’s 2019 Housing Summits.  The following changes to the ADU ordinance have now gone into effect…

  • Creating an ADU is no longer the primary reason for a project to go to the DRB and the conditional use requirement for creating an ADU is removed.
  • ADUs no longer require a dedicated parking space.
  • The maximum ADU size in a primary home is now 800 square feet or 30% of the gross floor area of the home; whichever is greater.  This change allows smaller single-family homes to create an ADU that is at least 800 square feet, regardless of the previous 30% guideline.
  • If stormwater impacts are addressed, up to 650 square feet of the lot area are exempt from lot coverage limits.  This change addresses the difficulties that homeowners with smaller lots faced with regards to coverage limits.

For more information or to share your input with the City of Burlington, check out the following links…

Accessory Dwelling Units | City of Burlington

ADU Policy Reform | City of Burlington

IMPORTANT NOTE: ADUs may be used as short-term rentals; however, property owners who plan to do so will be required to meet the zoning requirements for “short term rentals”, click HERE for details.  Most notably, short-term rental ADUs are required to provide a parking space and the property’s primary residence must be owner-occupied.

** If you are interested in learning more about how creating an ADU will impact your Burlington property values give Steve a call at [802] 846-9575 or email us at Team@LipkinAudette.com