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Finance

Canal Street Veterans Housing celebrates 5 years of success

Five years after opening its doors to homeless veterans, Canal Street Veterans Housing is celebrating its success in moving residents to permanent housing and employment. Eighty-seven percent of all residents moved into permanent housing after leaving Canal Street and all of those who were able to work were employed.

Legislature learns how to turn temporary down payment assistance program into self-funding tool for future home buyers

Vermont's House Committee on Ways and Means learned this morning about opportunities to transform a temporary statewide down payment assistance program enacted last year into a self-funding program that can help first-time home buyers for years to come.  VHFA's Executive Director, Sarah Carpenter, met with the committee this morning to explain how a legacy program could be created with the addition of four years of state housing credit funding. 

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.

Housing credit applications due January 29, 2016

VHFA intends to consider new projects for the federal 9% Housing Credit and Vermont State Housing Credits at the April 2016 VHFA Board of Commissioners meeting. In order to provide sufficient time to review the proposals from developers, VHFA must receive a complete application by January 29, 2016.

Moody’s expects VHFA and similar agencies in other states to continue strong performance

A recent report from Moody's Investors Service (Moody's) concludes that HFA financial profiles demonstrated solid improvement in FY 2014. The report predicts that national wage growth and lower unemployment, which have caused an increase in household formations, will enable HFAs to retain their strong financial positions in the future.  Read more.

VerMod company creates employment opportunties (and high-efficiency homes)

Steve Davis, owner of the Wilder-based VerMod company is becoming recognized not just for his company's high quality modular homes but for the employment opportunities he has created for residents of the Hartford Dismas House.

VHFA's Sarah Carpenter discusses down payment assistance on CCTV

VT Affordable Housing Show
Sarah Carpenter and Erhard Mahnke, 10/7/15

Governor kicks off new down payment assistance program

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.

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. 

Student loan balances in two Vermont counties among highest in New England

Student loan balances in two Vermont counties among highest in New EnglandThe average student loan balance is $30,000 among Chittenden and Windsor county residents between the ages of 18 and 44.

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