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Press Releases

VHFA announces the promotion of Kim Roy to Director of Multifamily Asset Management and Compliance

Executive Director Sarah Carpenter announced Kim Roy has been promoted to Director of Multifamily Asset Management and Compliance at VHFA.  She began her career at the Agency in 1989 in the Communication’s Department and has held a variety of positions with VHFA.  Kim most recently served as Assistant Director of Multifamily Programs. She will take over department leadership from recently retired Sam Falzone. “Kim has been a long-term, dedicated employee of VHFA for 28 years and we are so pleased she is taking on this new role.” said Sarah Carpenter, VHFA’s Executive Director.

​New England Federal Credit Union gives $1 million for affordable housing

New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $1 million grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the critical need for affordable housing. The money will be awarded by VHFA over the coming year to several housing developments that have funding shortfalls.

VHFA awards millions in affordable housing tax credits for upcoming construction but rental housing proposals outweigh available credits 2 to 1

On Monday, April 17, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Low-Income Housing Tax Credits (LIHTC) and Vermont Affordable Housing Credits that will provide almost $37 million in upfront equity to construct and renovate housing for low-income Vermonters over the next several years.  The $2.5 million in ten-year federal capped credits, $610,000 in ten-year federal u

Helen Head and Polly Nichol named 2016 Vermont Housing Heroes

At the biennial Vermont Statewide Housing Conference on November 15, two statewide leaders were honored for their service and achievements. Representative Helen Head received the “Legislative Housing Hero” award for her years of commitment to affordable housing.  Head has served as South Burlington’s representative to the Vermont House of Representatives since 2003 and as Chair of the House Committee on General, Housing and Military Affairs since 2007.  She also helped lead Project Home (now HomeShare Vermont) and the Joint Urban Ministries Project (JUMP).

HUNDREDS CONVERGE AT STATEWIDE CONFERENCE TO EXPAND STABLE, AFFORDABLE HOUSING

BURLINGTON-The message to the hundreds of professionals gathered at the Hilton Burlington yesterday was loud and clear: A stable life starts with stable housing.  Scholars Kathryn Edin and Luke Shaefer described the poignant interviews they had with poor families before writing their renowned book “$2.00 A Day: Living on Next to Nothing in America.” 

VHFA seeks public input on state's most urgent rental housing needs

VHFA's Executive Director Sarah Carpenter announced today that interested parties are invited to submit comments on how housing tax credits are allocated.  Housing tax credits are Vermont’s primary funding source for developing affordable rental housing.  The comments will be considered during this year’s upcoming revisions to Vermont’s Qualified Allocation Plan (QAP).  As administrator of the housing tax credit program, VHFA allocates credits to specific projects in accordance with identified State needs and Federal requirements outlined in the Vermont QAP.

VHFA AND UNION BANK TURN TAX CREDITS INTO DOWN PAYMENT HELP FOR VERMONTERS

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. 

 

VHFA awards millions in tax credits for affordable housing: Credits create 31 permanent homes for people who are homeless in four communities

BURLINGTON, VT -- On Monday, April 18, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal low-income housing tax credits and state affordable housing tax credits that will provide almost $25 million in upfront equity to construct and renovate housing for low-income Vermonters and will increase permanent supportive housing for people who were formerly homeless.

JOSH MEAD JOINS VHFA AS OPERATIONS COORDINATOR

Executive Director Sarah Carpenter announced Josh Mead has joined Vermont Housing Finance Agency as Operations Coordinator.  Josh has been working locally providing administrative and technical support to external customers for Alutiiq Technical Services out of Alaska. Josh has experience with various systems, data management, report testing and working with IT staff.

VHFA tops list of best places to work

VHFA was ranked number one Best Place to Work among small and medium sized companies across the state by the Vermont Business Magazine. The award was made last night at the Echo Lake Aquarium and Science Center, where hundreds of employees from the 38 companies ranked as finalists gathered.

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