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VHFA News

Posted by: Leslie Black-Plumeau on January 17, 2017 - 1:58pm

VHFA has an immediate opening for a Manager of Business Development for its Homeownership programs.  Named  the “Best Small/Medium Place to Work in Vermont” in 2016, VHFA is looking for an individual who will help us to maintain our great reputation, and who demonstrates a strong work ethic, is creative, puts customers first, and works well both independently and as a team player.

The Manager of Business Development will develop, implement and promote Homeownership loan programs and services, working closely with our network of participating lenders, real estate professionals, home building organizations, housing non-profits, consumers, and other state housing partners.   This position represents VHFA’s Homeownership Division at housing related events and initiatives around the State.

VHFA offers a competitive salary and an excellent benefits package.  Please send cover letter, resume, salary requirements and references to the Human Resources Department at HR@vhfa.org by Wednesday, February 1, 2017. 

Check out the full job description and summary of benefits on our website

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Posted by: Leslie Black-Plumeau on January 10, 2017 - 9:36am

HUD Secretary Julian Castro described his hopes for the transition to new leadership during an interview with NPR yesterday. 

A congressional confirmation hearing, scheduled for Thursday, will provide an opportunity for nominee Ben Carson to share his goals for U.S. housing policy. 

Castro met with Vermont housing officials in Burlington last summer and attended the opening of the new Bright Street affordable rental housing complex.  

Pictured: HUD Secretary Castro meets new Bright Street apartment residents in Burlington, September 1, 2016.  Photo courtesy of HUD.  

Posted by: Leslie Black-Plumeau on December 22, 2016 - 1:34pm

Since it was signed into law as part of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (Housing Credit) has become our nation’s most successful tool for building and preserving affordable rental housing.  By providing an incentive for private sector investment, the Housing Credit has financed nearly 3 million apartments across the country for low-income workers, families, seniors, veterans, and those with special needs.  It creates opportunities for the millions of families and individuals in our country today who otherwise would pay an excessive portion of their income for housing, live in substandard and overcrowded conditions, or face homelessness. 

The affordable housing provided by the Housing Credit has an immeasurable impact on the lives of those who live in it, and arguably results in numerous indirect cost savings for federal, state, and local governments.  That’s because housing stability leads to better health outcomes, improves children’s school performance, helps people gain employment, and promotes economic mobility.

Key to the Housing Credit’s success and its wide bipartisan support is its unique design:

  • A Model Public-Private Partnership with Investors Assuming the Risk.
  • State Administered with Limited Federal Bureaucracy. 
  • An Important Contributor to Our Nation’s Economic Wellbeing. 
  • A Critical Part of Our Nation’s Infrastructure. 
  • A Record of Exceptional Performance. 
  • Meeting a Need the Private Sector Could Not Otherwise Address.           
  • Successfully Serving the Hardest-to-Reach Populations. 

Each year, federal and state housing and bond credits generate about three-quarters of the funds used to create more affordable housing in Vermont.  The average Vermont resident living in apartments developed through credits has an annual income of about $18,000.  About half of these households are non-seniors who are not disabled.  Seventy-seven percent of these “workforce” households are working and earning their income. 

Although about 7,400 Vermont households live in apartments created by credits, thousands more are in need of decent, safe apartments they can afford. 

Read more about Vermont’s current housing credit residents or about the housing credit’s national impact

Posted by: Leslie Black-Plumeau on December 21, 2016 - 10:15am

Please join us at the State House in Montpelier on January 5 to renew Vermont's commitment to ending homelessness.  The day will include time to meet with lawmakers and experts to discuss effective strategies Vermont could use to conquer remaining challenges in ending homelessness. A vigil will also be held to remember those who have died without homes and the hundreds of Vermonters still searching for safe, secure housing they can afford.  

The Vermont Affordable Housing Coalition is co-sponsoring this event with the Vermont Coalition to End Homelessness. 

Agenda

  • Legislative Awareness Day, Card Room: 7:30 AM-2 PM
  • Recognition of Homeless Service Providers and Advocates, House Gallery: 9:30 AM
  • Memorial Vigil, State House Steps: Noon

 

 

 

 

Posted by: Leslie Black-Plumeau on December 16, 2016 - 3:54pm

With the outdoor temperature near zero, VHFA’s Steve Gronlund headed out this afternoon to deliver candy-stuffed gloves, mittens and hats for at least 100 kids to the King Street Center. The Edlund Company partnered with VHFA this year to collect gear donations from staff and friends.

The mitten drive is a much-loved annual tradition that is part of VHFA’s year-long schedule of charitable activities. 

 

 

 

 

 

 

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