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VHFA News

Posted by: Leslie Black-Plumeau on September 27, 2016 - 3:30pm

In response to declining housing affordability in many parts of the country, the White House released a report this week on best practices for reducing local housing development barriers. The accumulation of these barriers has reduced the ability of many housing markets to respond to growing demand, the report explains.

Through the Vermont Housing Data website, VHFA shares and maintains best practice information for municipalities assessing and addressing local housing needs. Check out its tools and guides and look at what is working in communities both inside and outside Vermont. 

 

 

 

 

Posted by: Leslie Black-Plumeau on September 22, 2016 - 2:21pm

In light of research documenting the lower default risks of mortgages for energy-efficient homes, the Vermont Green Home Alliance invites lenders and appraisers to consider two exciting courses scheduled for October 13-14, 2016 in Concord, New Hampshire:  

The Alliance reports that using Home Energy Rating Scores (HERS), homes built to the 2015 International Energy Conservation Code (IECC)-required by Vermont’s Residential Building Energy Standards--are 28-35% more efficient than those built to the 2009 IECC or earlier.  Furthermore, a national study of 71,000 single-family mortgages found that "default risks are on average 32 percent lower in energy efficient homes, controlling for other loan determinants."

 

 

Posted by: Leslie Black-Plumeau on September 20, 2016 - 12:27pm

Demand for apartments and denser neighborhoods is driving home construction in Chittenden and Franklin counties this year according to a recent article in Vermont Business Magazine that surveyed area builders and housing experts, including VHFA Executive Director Sarah Carpenter.

Carpenter explained that "more people are delaying the purchase of their first home and that in turn has put pressure on the rental market."

The number of multifamily project building permits in the Burlington South Burlington area shot up 72% during the first half of 2016 over the same period a year earlier, according to the National Association of Home Builders.

Pictured: New 40-unit rental cooperative on Bright Street in Burlington's Old North End neighborhood. Photo provided by U.S. Department of Housing and Urban Development

Posted by: Will White on September 19, 2016 - 4:25pm

A big thank you to Piper Jaffray who is a platinum sponsor for the 2016 Vermont Statewide Housing Conference.

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