-A A +A

VHFA News

Posted by: Leslie Black-Plumeau on February 15, 2018 - 8:58am

Chittenden County has the biggest imbalance between its share of VT jobs and homes, according to recent VHFA analysis. Although 33% of the state's jobs are in Chittenden County, the state is home to only 28% of the state’s workers and only 25% of the state’s homes. This is likely caused in part by workers living in Franklin County, where the share of homes outnumbers the share of jobs, who commute to Chittenden County for work.

Washington County also has an imbalance similar to Chittenden’s, but on a much smaller scale.

Data sources include Vermont Dept. of Labor job opening tabulations. Vermont’s Labor Market Information tables on UI covered employment and labor force).  The share of homes is based on the most recent Census ACS estimates available (2016 for Chittenden and 2012-2016 for all other counties).  

Posted by: Will White on February 14, 2018 - 1:25pm

The Vermont Resident Service Coordinators (VRSC) has an event coming up! in March, David O'Leary will be speaking about hoarding intervention techniques. David is a Housing Retention Specialist with the Burlington Housing Authority who specializes in hoarding and squalor cases. He joined BHA in 2015 after two years of domestic violence advocacy at STEPS to
End Domestic Violence (Formerly Women Helping Battered Women).

David also serves as co-coordinator of the Chittenden County Hoarding Task Force, the first of its kind in Vermont. David attends the Clinical Psychology Graduate Program at Saint Michael's College and will graduate with his Master's Degree in Clinical Psychology in May, 2018. David offers an approach to hoarding & squalor intervention based on evidence-based techniques, but believes that a humanistic & compassionate foundation lies at the heart of his work.

"Hoarding: Persistent difficulty discarding or parting with personal possessions, even those of
apparently useless or limited value…the large number of possessions fill up and clutter the
active living areas…and prevent normal use of the space…symptoms cause clinically
significant distress or impairment in social, occupational, or other areas of functioning…
(Proposed DSM-5 Criteria for Hoarding Disorder, 2012)."

Admission is FREE for Vermont Resident Service Coordinators & Vermont Housing Managers Association members. Non-members are invited to attend for $10 (includes admission & lunch).

RSVP to Susan.Ainsworth-Daniels@champlainhousingtrust.org

CC: Dhemmings@maloneyproperties.com

When: Wednesday, March 21, 2018

Registration 9:30 am—10:00 am

Training 10:00 am—12:00 pm

Lunch & Networking 12:00-12:30 pm

VRSC Member Meeting 12:30-2:00 pm
 

Where: Royalton Academy Building - 4266 VT Route 14, South Royalton, VT 05068

Sponsored By:
Vermont Housing Managers Association
Burlington Housing, & VHFA
WWW.VRSC.ORG
 

Categories:
Posted by: Mia Watson on February 12, 2018 - 2:58pm

2017 was another highly successful year for Vermont Housing Finance Agency. 

In fiscal year 2017, VHFA financed $76 million in home mortgages to help 483 households move into affordable homes. VHFA’s programs saved homebuyers an average of $5560 through the ASSIST down payment assistance program and other closing cost savings, enabling many young Vermonters to purchase their first home with less financial strain.

Once again, VHFA was the single largest funding source for the construction and rehabilitation of affordable apartments in Vermont, providing $75 million in housing tax credits and loans to grow and preserve 823 homes for low-income renters.

VHFA continued to serve as a coordinator, advocate, and information resource for partner housing organizations and policy makers to advance its mission to promote affordable housing opportunities for low- and moderate-income Vermonters.

Reflecting staff enthusiasm and commitment to this mission, VHFA was yet again ranked as one of the top five small places to work in Vermont by the Vermont Business Magazine and the Vermont Chamber of Commerce. 

Read the full 2017 Annual Report to learn more about VHFA's efforts to increase access to affordable housing in Vermont communities over the last year. 

Categories:
Posted by: Heather Kvasnak on February 9, 2018 - 12:57pm

Interested in purchasing a home and want to learn more about the process?  Join one of these fun and informative seminars and learn about buying a home from industry experts (lenders, real estate agents, real estate attorneys, the Vermont Housing Finance Agency and homeownership professionals).  Light refreshment provided at each event.

 

Wednesday, February 28 (6:30 pm to 8:30 pm) Woodchuck Cider in Middlebury

Hosted by Vermont Federal Credit Union

RSVP by Wednesday, February 21

 

Tuesday, March 6 (6:30 pm to 8:30 pm) 14th Star Brewing Company in St. Albans

Hosted by Vermont Federal Credit Union

RSVP by Tuesday, February 27

 

Tuesday, March 13 (6:30 pm to 8:30 pm) Guild Tavern in South Burlington

Hosted by Vermont Federal Credit Union

RSVP by Tuesday, March 6

 

Wednesday, March 14 (6:00 pm to 8;00 pm) The Marquis Theatre in Middlebury

Hosted by Vermont Housing Finance Agency

RSVP by Tuesday, March 6

 

Wednesday, March 21 (6:30 pm to 8:30 pm) Bove's in Milton

Hosted by Vermont Federal Credit Union

RSVP by Wednesday, March 14

 

Wednesday, March 21 (5:30 pm to 8:00 pm) Kennedy Brothers in Vergennes

Hosted by People's United Bank

RSVP to Shanon Atkins; shanon.atkins@peoples.com or 802-877-3111

 

Thursday, March 22 (5:30 pm to 8:00 pm) People's United Bank in Brattleboro

Hosted by People's United Bank

RSVP to Rich Cahill; rich.cahill@peoples.com or 802-291-4059

 

Wednesday, March 28 (5:30 pm to 8:00 pm) People's United Bank in White River Junction

Hosted by People's United Bank

RSVP to Denel McIntire; denel.mcintire@peoples.com or 802-291-4966

 

Thursday, March 29 (5:30 pm to 8:00 pm) People's United Bank in Springfield

Hosted by People's United Bank

RSVP to Diane Parker; diane.parker@peoples.com or 802-885-2175, option 6

 

Should you have any questions please contact homeownershipdept@vhfa.org.

Posted by: Mia Watson on February 8, 2018 - 8:30am

Governor Phil Scott announced Thursday the successful sale by Vermont Housing Finance Agency (VHFA) of Vermont’s first Sustainability Bonds.  The bonds sale raised $37 million to fund the “Housing for All” initiative, the largest state investment in housing in several decades. Proceeds from the sale of the bonds will be awarded by the Vermont Housing Conservation Board (VHCB) for constructing and rehabilitating 550-650 homes statewide over the next two to three years. Vermont investors played a critical role in the success of the bond sale.

“As we work to create greater opportunity for Vermonters and attract more families to Vermont, decent housing Vermonters can afford is critical. The Housing for All initiative we passed last year is an important step toward addressing that need,” Governor Scott said. “We appreciate the hard work of our partners in ensuring a successful bond sale, and those individuals and institutions who chose to invest in Vermont communities.”  

VHFA and VHCB chose the Sustainability Bonds designation to allow institutions and individuals to invest directly in bonds that finance affordable housing, promote environmentally friendly development, stimulate economic growth, and revitalize Vermont communities. The bond sale, which closed on January 25th, was well-received on the market, with seven times more orders than available bonds. The sale raised $2 million more than originally anticipated. The bond sale attracted many Vermont investors, including People's United Bank and The Vermont State Employees Credit Union.

"We were very pleased to use our experience working with our financial partners and investors to maximize the funds raised for this important initiative," remarked VHFA's Executive Director Sarah Carpenter.

Proceeds from the sale will fund the Housing for All initiative to develop housing for the low- and moderate-income working Vermonters who often struggle to afford decent housing. Vermonters have similar incomes to the rest of the U.S., but median home prices in Vermont exceed the national level by $20,000.

VHCB will target proceeds from the bonds towards eligible projects that rehabilitate or construct affordable housing while conserving Vermont’s natural resources and history. VHCB will ensure that at least 25% of the housing will be affordable to very low-income households with incomes below 50% of the area median and at least 25% to households with incomes between 80% and 120% of the area median. Median income in Vermont in 2017 was $69,300 for a family of four, according to estimates from the U.S. Department for Housing and Urban Development.

“The bond sale exceeded expectations due to the VHFA’s hard work, the support of the Legislature and commitment of the Scott administration,” said Gus Seelig, Executive Director of VHCB. “The $37 million is already creating more homes for workers and housing for vulnerable Vermonters in communities across the state.  We are reviewing a stream of applications and encourage those with potential projects to contact us soon.”

Categories:

Pages