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Applications for federal and state housing credits due February 10

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, 2017Housing credits are the largest source of funding in Vermont for building and renovating affordable rental housing. 

Bennington celebrates rehabilitation of historic buildings through affordable housing

Community leaders and housing partners came together last week to celebrate the completion of renovations to historic buildings in downtown Bennington.  Developed and managed by Shires Housing, the buildings include 26 affordable apartments for low-income residents of all ages.  

Twenty-three affordable apartments constructed in Hinesburg

Champlain Housing Trust opened a new apartment complex last week in Hinesburg constructed by Snyder Homes. The 23-unit complex includes 1, 2 and 3 bedroom units with rents ranging from $800 to $1,200 per month.

Federal and state housing tax credits allocated by VHFA provided 64% of the funding needed for the project's development. Additional partners included Vermont Housing Conservation Board, Vermont Community Development Program, the federal HOME program and Housing Vermont.

Vermont housing leaders advise HUD Secretary on importance of federal support, coordination, flexibility and working effectively in rural areas

At the invitation of Senator Patrick Leahy, U.S. Department of Housing and Urban Development Secretary Julian Castro visited Burlington yesterday to meet with the state’s housing leaders and attend a ribbon-cutting at the new Bright Street affordable housing project.

Housing tax credits help renovate Lyndonville's Darling Inn


From L to R: Ted Brady (USDA), Jenny Nelson (Senator Sanders
office), Werner Heidemann (RuralEdge), Senator Leahy, Jen Hollar
(VHCB) and Sarah Carpenter (VHFA).  Photo by Elwin Prescott.

Metamorphosis begins for once-decaying mobile home park near Vergennes

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. 

Woodstock community celebrates the creation of 28 affordable apartments

Governor Shumlin joined Woodstock residents, local officials, and statewide housing partners yesterday to celebrate the creation of 28 new affordable rental apartments at the Safford Commons complex.  Safford Commons is on the site of the former Grange Hall and church on Route 4 in Woodstock.  While 24 of the new apartments are in newly-constructed buildings, four are in the buildings that already stood on the site 

Red Clover Commons Groundbreaking Event

Brattleboro Housing Partnership and Housing Vermont broke ground this past Monday on a 55-unit affordable housing project. These two organizations have partnered together to build Red Clover Commons, a three-story senior housing complex located on a 2.8-acre site in Brattleboro. 

From Ladd Hall to South Main Apartments: Governor helps celebrate rebirth at the Waterbury state office complex

Governor Shumlin, VHFA’s Sarah Carpenter and many others gathered yesterday to celebrate the opening of South Main Apartments in Waterbury.

Historic Putney home renovated to provide 11 affordable apartments

There were smiles a plenty in Putney Thursday as the community celebrated the renovation of the historic Plantz house at 27 Old Depot Road. The apartments will be managed by Windham and Windsor Housing Trust who oversaw the renovation process.

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