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Housing data

Housing tax credit program provides major benefits for Vermont economy

New estimates from the ACTION Campaign demonstrate the significant impact that the Low-Income Housing Tax Credit has had in Vermont, including creating and preserving over 7,000 affordable homes since 1986 and supporting nearly 8,000 jobs per year.

VHFA introduces new web tools to help Vermonters find apartments and information about their towns

Vermont Housing Finance Agency (VHFA) announced today the launch of a robust, free resource connecting Vermonters to information about housing vacancies and community needs. Low and moderate income Vermonters who lack adequate, stable housing they can afford suffer elevated health and safety risks. This recently reinvented resource, known as the Vermont Housing Data website, represents years of collaboration among stakeholders seeking to increase the number of stably housed Vermonters through state of the art information sharing tools.

With housing costs the biggest financial stress for Vermonters, you can’t afford to miss the Vermont Statewide Housing Conference

Last week, Sarah Carpenter, Executive Director of Vermont Housing Finance Agency (VHFA), sat down with Vermont Public Radio’s (VPR) Howard Weiss-Tisman to discuss the results of the annual VPR-Vermont PBS poll. The poll revealed that housing costs are the primary source of financial stress for Vermonters and that respondents believed that lower housing costs would make Vermont significantly more affordable.

Decline in household incomes raises concerns about VT economy

A recent article in the Burlington Free Press highlights Vermont’s stagnating household incomes, raising concerns over the strength of its economy and the ability of its residents to afford housing.

Homeownership rate increases, but first-time buyers face barriers

The annual report on housing from the Joint Center for Housing Studies of Harvard University (JCHS) reveals that although homeownership rates are beginning to climb, young adults are finding it increasingly difficult to afford to buy their first home. The report found that from 1990 to 2016 the median home price rose 41 percent faster than overall inflation, outpacing wage growth during the same period. Homeownership rates among young adults today are lower than they were before the recession.

Rent unaffordable for many Vermont workers

The latest edition of the annual report on rental housing affordability from the National Low Income Housing Coalition and the Vermont Affordable Housing Coalition has found that Vermont has one of the highest gaps in the nation between the cost of rent and renter wages. Out of Reach: The High Cost of Housing reports that for a Vermont renter to be able to afford a modest two bedroom apartment, he or she would need to earn $22.40 per hour, well above the average renter wage.

Chittenden County leads state in jobs to homes imbalance

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.

National renter growth slows, but need for affordable housing remains

The recent annual report on rental housing from Harvard University's Joint Center for Housing Studies (JCHS) has found that although the national demand for rental housing has decreased slightly overall, there is still significant need for housing affordable to low-income renters.

Hands off homeowners’ tax break, HUD chief says

From the Washington Post: Despite the looming fight in Washington over taxes and government spending, now isn’t the time to curtail tax breaks that benefit homeowners, says Department of Housing and Urban Development secretary Shaun Donovan.

Congress Keeps American Community Survey Intact For Now

The continuing resolution passed by the U.S.

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