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Development

Help Vermont receive $20 million grant

Vermont has the opportunity to receive a $19.6 million grant to fund activities related to the purchase, rehabilitation, or redevelopment of abandoned or foreclosed upon homes through the U.S. Department of Housing & Urban Development's (HUD) Neighborhood Stabilization Program (NSP).

To access the funding, the Vermont Agency of Commerce and Community Development (ACCD) has to submit to HUD an application and amendment to Vermont's Consolidated Plan by Dec. 1.

VHFA Board approves QAP changes

The VHFA Board of Commissioners today approved proposed revisions to the Qualified Allocation Plan (QAP).

The changes now go to Gov. Douglas for his signature.

Read our Sept. 4 post about the proposed changes to the QAP or read the red-line version of the QAP online.

New QAP draft available for review

We've placed an updated "red-line" draft of the Qualified Allocation Plan (QAP) online for your review. The draft contains a number of revisions proposed by VHFA that were not included in the recently-passed Housing and Economic Recovery Act of 2008, but based on other policy changes, feedback, and program experience. This new version will be presented to the VHFA Board of Commissioners on Sept. 22.Read our Sept. 4 post about the proposed changes to the QAP.

QAP changes proposed; public hearing scheduled

The recently enacted Federal Housing and Economic Recovery Act of 2008 (HR 3221) contains a number of reforms, including changes that will affect the Housing Credit program.

VHFA has proposed additional changes to Vermont's Qualified Allocation Plan (QAP), not initiated by this legislation but based on other policy changes, feedback, and program experience.

These changes pertain to:

HAC presents free workshops

The Housing Assistance Council (HAC) is presenting two free events in our region in August.

"Building Green for Rural Communities" is a day-and-a-half roundtable and tour taking place starting at 2 p.m. Aug. 11.

"Single-Family Housing Development" is a two-day event running Aug. 13-14. Sponsored by HUD, it's open to CHDOs and many CHDO-eligible organizations.

Green building and design standards published

green building coverVHFA has just published our Green Building and Design Standards for housing developers.

The standards, which were approved by VHFA's Board of Commissioners on April 7, encourage developers who apply for VHFA financing and Housing Credits to embrace green practices, materials and design in the planning and construction of their buildings.

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