Events

Governor Shumlin joined leaders from VHFA, the Vermont Legislature and the business community today to launch a bold new effort to help the state’s first-time home buyers. Each qualified buyer will receive up to $5,000 for down payment and closing costs. There is mounting evidence that the escalation of these costs in recent years, combined with other economic hardships lingering from the recession, are preventing many young Vermonters from buying their first home.

​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. 

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

When Ladd Hall was hit by Tropical Storm Irene in 2011, few would have imagined the remarkable transformation that would take place over the next four years. Originally constructed in the 1890s and then converted to state agency offices, Irene’s flood waters invaded the building through heating system tunnels. 

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.

According to VHFA’s Sarah Carpenter who attended the celebration, “we were delighted to provide Low-Income Housing Tax Credits to help create the equity for such a worthwhile project.”  Many other funders were involved in the project including Housing Vermont and Historic Tax Credits.   

Tony Hernandez, USDA Rural Development’s (RD) Rural Housing Service Administrator, visited VHFA to share his plans for RD’s programs and policies for the future. The roundtable format brought together 20 housing leaders from across the state including Rutland, the Northeast Kingdom, and northwestern Vermont.

NORTHFIELD—Governor Shumlin signed legislation today that will help Vermonters buying their first home through VHFA by providing up to $5,000 for qualified buyers to cover the costs typically faced at closing due to down payment and closing costs. 

The new down payment assistance program is part of a larger economic development bill, passed by the Vermont Legislature in the final days of the session.  The program will be available through VHFA’s network of participating lenders late this summer.

Please join the Vermont Community Development Association (VCDA) for its Spring Conference on Thursday May 14, 2015, at The Lyons Den in Randolph, Vermont. The theme is Age Friendly Communities - Possibilities, Challenges and Social & Economic Benefits. VCDA provides Vermonters education and networking opportunities in Community Development. VHFA is proud to be a gold sponsor for this event. Fill out the registration form today.

On May 4th at 10am, Governor Shumlin will be joining Champlain Housing Trust and Housing Vermont to announce state and federal grant awards for their efforts to preserve the affordability and invest in energy efficiency at Winchester Place in Colchester.