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Development

Materials available for next week's QAP public hearing

Next Thursday, February 2, 2012, Vermont's Joint Committee on Tax Credits will conduct a public hearing to discuss changes to the Qualified Allocation Plan (QAP) used to select the projects that will receive state and federal housing tax credits.

Affordable homes under construction in Manchester

With among the highest average home prices in the state, the town of Manchester, Vermont, seems that perfect the location for New England's largest community of homes built through Habitat for Humanity.

Volunteers and community developers and planners are building 22 homes that will be sold with price tags affordable to moderate and lower income families.

See coverage from WCAX.

Burlington's Thayer Commons wins federal grant

A $4.8 million federal housing grant for the Burlington Thayer Commons project was announced yesterday.   The grant will support the addition of 28 rent-subsidized units to the project.   

VHFA is providing 4% (bond) low-income housing tax credits as well as construction financing for the project. 

The location of the project on Burlington's North Avenue where the Department of Motor Vehicles once operated will offer seniors access to public transit, shopping, health care and other services. 

Investing in the future of Northgate apartments

New rental apartment complex opens in Essex

Senator Bernie Sanders joined the Champlain Housing Trust (CHT) and Housing Vermont yesterday to celebrate the completion of thirty apartments in a single building located off Susie Wilson Road in the Town of Essex. Cedar’s Edge Apartments offers a mix of 24 two-bedroom and six one-bedroom apartments.

Historic West Rutland buildings converted to energy efficient apartments

Senator Bernie Sanders was in West Rutland Friday to celebrate the conversion of two historic buildings-- Stanislaus School and a former convent that had been unoccupied for years--into affordable, energy efficient housing.  

Hickory Street apartments ready in Rutland

The first phase of renovations at the Forest Park apartment complex in Rutland are complete. Residents began moving into the 33 mixed-income apartments on Hickory Street on Thursday.  

Vermont Housing Finance Agency provided federal low-income housing tax credits for the project. A variety of other funding sources included the federal public housing program and  HOME program.

QAP public hearing coming Jan. 19

VHFA is conducting its annual review of the Qualified Allocation Plan (QAP) for Tax Credits, and will  hold a public hearing for feedback next Wednesday.

The QAP determines how VHFA allocates Vermont's Housing Tax Credits. We estimate we'll have $2.63 million in 2011-12 credits to allocate.

Next week's public hearing is a meeting of the Joint Committee on Tax Credits, which is responsible for making recommendations to the VHFA Board of Commissioners on changes to the QAP. It'll be held at 9:30 a.m. on Jan. 19 at VHFA, 164 Saint Paul St., Burlington.

Canal Street Veterans Housing nearly ready

canal street veterans housing renderingCanal Street Veterans Housing, a new $5.6 million building that will provide 16 units of transitional housing for veterans in Winooski, is nearing completion.

Becky Holt, Director of Development & Communications for the Committee on Temporary Shelter (COTS), says people will likely start moving in in January.

HUD commits $200,000 to Randolph housing

U.S. Sen. Patrick Leahy (right) announced a $200,000 commitment in U.S. Department of Housing & Urban Development (HUD) Economic Development Initiative (EDI) funds for Salisbury Square in Randolph.

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