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Economy

Report details recession in Vermont

report coverThe Public Assets Institute in Montpelier has published "State of Working Vermont 2009."

The report, which explores the recession's effects on the Green Mountain State, concludes, "Some hopeful signs suggest that the end of the recession is coming into view — that is, the overall economy is beginning to grow again instead of shrink.

$1.3 million coming for Burlington housing

thayer schoolMore than $1.3 million in federal neighborhood stabilization program funds are coming to Burlington to support housing.

Approximately $1 million of the allocation will allow Champlain Housing Trust (CHT) to purchase, renovate and resell six to eight homes.

Sen. Leahy praises support plan for HFAs

sen. leahySen. Patrick Leahy has added his voice to those praising the Obama administration's plan announced earlier this week to support housing finance agencies, such as VHFA.

Douglas joins VHFA in applauding HFA assistance

Gov. Jim Douglas and Vermont Housing Finance Agency (VHFA) gave thumbs-up to yesterday's U.S. Treasury Department announcement to help out state housing finance agencies, such as VHFA.

Read our joint press release (PDF) issued along with the Governor's office.

Video: Housing initiative on Fox

National Council of State Housing Agencies (NCSHA) President Susan Dewey made an appearance on Fox Business yesterday to talk about the Obama administration's new initiative to help state housing agencies, such as VHFA.

Watch it here:

Treasury initiative receives press coverage

Yesterday's announcement about a new federal initiative to help housing finance agencies, such as VHFA, received attention in a number of media outlets.

Here's a list of what we've come across:

Federal initiative to aid HFAs announced

News broke this afternoon of a new federal initiative to help housing finance agencies, such as VHFA.

The plan is part of the Obama administration's Homeowner Affordability and Stability Plan.

Read about it at the U.S. Treasury site.

Report: ACTION proposals would lead to housing investment

A recent report by Ernst & Young says if proposals made by Affordable Rental Housing A.C.T.I.O.N. are adopted by Congress, investment in affordable housing development will increase substantially.

The report estimates investment in large and small housing developments in metro and rural regions across the country is likely to increase by nearly 50 percent in 2010 and '11.

Burlington Free Press: Housing market showing recovery

The Burlington Free Press included a story in yesterday's edition headlined "Housing market showing recovery."

Dan McLean writes, "In Vermont, the pace of home sales has quickened in recent months, but sales prices remain below last year's levels."

Read the article online.

Forest Park in Rutland Herald

In light of $2.34 million in federal stimulus funding coming to help restore Forest Park in Rutland — Read our previous post — the Rutland Herald has published a story looking at the history of that early-'70s housing development.

VHFA Executive Director Sarah Carpenter is quoted in the piece by staff writer Stephanie Peters.

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