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Data and Statistics

Fair Market Rents revised up 16 percent in Burlington metro area

Thanks to a local survey commissioned by Vermont State Housing Authority,  the Fair Market Rent standards used for HUD's Section 8 Housing Choice Vouchers in Chittenden, Franklin and Grand Isle counties will be revised upward effective today.  The levels established in December 2015 by HUD were 16 percent lower than the new levels. 

The survey of rents in the Burlington metro area was funded by VHFA and other partner agencies.  Read more.

Study Finds Affordable Housing Reduces Health Care Costs

A study conducted by the Center for Outcomes Research and Education (CORE) found affordable housing reduced overall health care expenditures by 12% for Medicaid recipients. By comparing individuals' Medicaid claims in the year prior to moving into affordable housing to their Medicaid claims in the year after moving in, researchers found an average total savings of $576 a year.

Business leaders consider housing challenges in Chittenden County

Chittenden County Regional Planning Commission Executive Director Charlie Baker joined area business leaders this week to discuss the region's growing  jobs-housing imbalance. Although the number of people working in Chittenden County has grown to approximately 99,800, there are 11,300 fewer employees living here than in 2002. 

Check out Baker's presentation for more information.

New study confirms young Vermonters move most, both in and out of state

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.

2015 shows impact of VHFA tools for making homes affordable

Throughout 2015, VHFA focused on finding new ways to help low- and moderate-income Vermonters share in the housing recovery. Almost all of the home buyers who used VHFA’s financing last year were taking the monumental step of buying their first homes. Some homes that were deteriorating after being foreclosed on by other lenders were fully renovated by VHFA through the Housing Acquisition and Rehabilitation Program and sold to qualified home buyers.

HUD’s 2016 Fair Market Rent standards are effective tomorrow

Earlier this week, HUD published the final 2016 Fair Market Rent standards that will take effect as of tomorrow, December 11, 2015. FMRs are intended to represent the dollar amount below which 40 percent of the standard-quality rental housing units in an area are rented. They are used in HUD rental assistance programs, including the Section 8 and HOME programs.

First-time home buyers face similar challenges in local housing markets across the state

Despite the recovery taking place in most of Vermont's local housing markets, relatively high rents and home purchase prices continue to prevent many younger residents from buying their first home.

Vermont homeownership rate hovers well above declining U.S. rates

Although Census surveys show a clear decline in the national homeownership rate, they don’t show a similar decline for Vermont.   At least not yet.  Second quarter 2015 estimates show Vermont’s rate at 72 percent, nearly eight and a half percentage points higher than the national 64 percent rate. 

Less than one percent of U.S. housing is wheel chair accessible

Few housing units in the U.S. are accessible for people with disabilities and even fewer are both affordable and accessible, according to a recent comprehensive study from HUD.   About a third of housing in the U.S.

People come and people go: In-migration matches out-migration for Vermont in 2013

About 3.5% of Vermont’s population moved out of the state in 2012-2013—about the same number as those moving in, according to Census estimates. This means that the number of people moving in and out of the state had no net effect on the state’s total population.

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