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VHFA News

Posted by: Leslie Black-Plumeau on August 22, 2016 - 2:41pm

More than 30 percent of the households in Vermont’s rural counties are now cost burdened by their housing expenses—a stark increase since 2000, according to a recent Harvard analysis of non-metro areas nationwide.  This interactive map shows the increase in cost burden rates sweeping U.S. rural areas.

Rural housing affordability issues sometimes receive less attention, particularly when they have lower sales prices and rent levels than in urban areas.  However, many rural households paying unaffordable housing costs are also plagued with housing quality and overcrowding problems.  The share of the U.S. housing stock lacking complete plumbing or kitchens is higher in non-metro areas than in metro areas.  Among non-metro homes with incomplete plumbing or kitchens, 10 percent are considered overcrowded (compared to 8 percent in metro areas), according to Harvard’s Joint Center for Housing researchers. 

Two-thirds of all Vermonters live in non-metro counties in this analysis.

Posted by: Leslie Black-Plumeau on August 4, 2016 - 3:03pm

Interviews with residents of subsidized rental housing in Vermont will be the core of a new story telling project launched by the Vermont Affordable Housing Coalition.

The first interview shared through the project is with Angela Devoid, a single mother living at Moose River Apartments in St. Johnbury.  Listen to her story.

Angela's home and the 27 others at her apartment complex were made affordable in 2003 through Low Income Housing Tax Credits allocated by VHFA and the USDA’s Rural Development 515 program.

Posted by: Will White on August 4, 2016 - 11:18am

It's time for our next photo contest!

What part of your home made your Summer special? Summer is a beautiful time to add new additions to your home, yard, or even just relax and spend time outside with people you care about.

Submit a photo of what has made this Summer special and get a chance at a $50 gift card to The Home Depot!

To submit, tag us on Facebook or Twitter @vhfa with your photo
or email your submissions intern@vhfa.org.

The contest will run until Labor Day, September 5th.

Good luck!

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Posted by: Leslie Black-Plumeau on July 26, 2016 - 10:53am

Ever wonder why it's not easier to build affordable apartments?  A new interactive tool developed by the Urban Institute illustrates the mathematical necessity of tax credits, loans, tenant income/rent and grants in paying for the costs of affordable housing.  Check it out to see if you can make the math work!

With a constantly evolving funding toolbox, VHFA's skilled development and multifamily management staff work with Vermont's affordable rental housing developers and managers day in and day out to overcome these challenges and maximize the number of affordable apartments available for low-income Vermonters.

Posted by: Leslie Black-Plumeau on July 20, 2016 - 3:05pm

For Burlington area Pokémon Go trainers, VHFA is doing its part to lure Pokémon to the corner of St. Paul and King Streets near our office. This little guy was spotted just this morning!

Check back throughout the work week while our office is open from 8:00 to 4:30 for your chance to catch more.

 

 

 

 

 

 

 

 

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