Submitted by Leslie Black-Plumeau on February 3, 2017 - 2:57pm
Applications for the 2017 round of federal capped (9%) Low-Income Housing Tax Credits and Vermont State Housing Credits are due to VHFA by Friday, February 10, 2017. Housing credits are the largest source of funding in Vermont for building and renovating affordable rental housing.
Submitted by Leslie Black-Plumeau on September 19, 2016 - 11:59am
Unique features of rural housing require flexible national policies and financing programs, explains Executive Director Sarah Carpenter in her recent article for Rural Voices, a journal of the Housing Assistance Council.
By purchasing $125,000 in Vermont Housing Tax Credits last Friday, Union Bank supplied the equity needed to help approximately 125 households buy their first homes in Vermont this coming year. These households will receive up to $5,000 to help cover their down payment and closing costs through a statewide program when they qualify for a Vermont Housing Finance Agency mortgage.
Submitted by Leslie Black-Plumeau on June 2, 2016 - 4:00pm
June is a terrific time to reflect on the importance of homeownership in this country, especially in Vermont where residents are more likely than in most states to own their homes. VHFA is working with local lenders across the state to extend the opportunity to own a home to even more Vermonters through low interest loans from a trusted non-profit source.
Submitted by Leslie Black-Plumeau on June 1, 2016 - 3:45pm
Black and Latino mortgage applicants from New England continued to experience much higher denial rates than whites and Asians in 2013 and 2014, according to the Federal Reserve Bank of Boston’s recent study. The disparity occurred at every income level.
Submitted by Leslie Black-Plumeau on May 10, 2016 - 9:38am
After sitting vacant for six years, the Gevries mobile home park in Addison County has started redevelopment. VHFA provided housing tax credits that will cover an estimated 60 percent of the project’s costs and ensure that the new 14-home community will be affordable for low-income renters of all ages. By installing VERMOD high-performance duplex homes, developers Cathedral Square Corporation and Addison County Community Trust anticipate that the neighborhood will achieve net-zero annual energy costs, another critical component of its long-term affordability.
Submitted by Leslie Black-Plumeau on March 23, 2016 - 10:43am
Five years after opening its doors to homeless veterans, Canal Street Veterans Housing is celebrating its success in moving residents to permanent housing and employment. Eighty-seven percent of all residents moved into permanent housing after leaving Canal Street and all of those who were able to work were employed.
Submitted by Leslie Black-Plumeau on February 18, 2016 - 12:07pm
Vermont's House Committee on Ways and Means learned this morning about opportunities to transform a temporary statewide down payment assistance program enacted last year into a self-funding program that can help first-time home buyers for years to come. VHFA's Executive Director, Sarah Carpenter, met with the committee this morning to explain how a legacy program could be created with the addition of four years of state housing credit funding.
Submitted by Leslie Black-Plumeau on January 29, 2016 - 11:11am
About 4 percent of Vermont's households move out of the state each year, replaced by about the same number of people moving into Vermont, according to a new study of IRS data from the Public Assets Institute. This new data confirms that younger households are the most likely to move, but that those moving out are replaced by about the same number of young households moving into the state.