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Finance

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.

VHFA awards $2.98 million in affordable housing tax credits

On Monday, April 20, the VHFA Board of Commissioners committed $2.55 million in federal low-income housing tax credits and $432,500 in state housing tax credits to expand Vermont’s stock of affordable, energy-efficient housing.

Tight credit standards prevented millions of home purchases in 2009-2013

Four million more home mortgages nationwide would have been made between 2009 and 2013 if credit standards had been similar to 2001 levels, according to a new report from the Urban Institute. 

Committee seeks proposals for local investment financing

Pursuant to Section treasurer220 of Act 199 of 2014, the Local Investment Advisory Committee (LIAC), chaired by the State Treasurer, will receive proposals for local investment financing from February 2, 2015 to March 2, 2015.

NPR spotlights Vermont nonprofit's successful weatherization program

nprOur friend Ludy Biddle of Neighborworks of Western Vermont was interviewed by NPR's Nina Keck last week about their successful weatherization

VHFA is seeking financial advisory services

VHFA is looking for a firm (or combination of firms) to perform one or a combination of financial advisory services. We’ve published a request for proposal (RFP) document at www.vhfa.org to help us in our search.

The contract will likely begin in October 2014. Deadline for replies is September 10, 2014.

New 3.875% interest rate extends home buying opportunities

visionToday marked VHFA’s unprecedented release of $20 million in financing for Vermont home buyers with a new, historically low, fixed interest rate of 3.875% for 30-year mortgages.  The low rate is available for VHFA’s conventional and government loan programs, and is available exclusively through VHFA partici

Groundbreaking set for new apartments at Waterbury state office complex

ladd hallMark your calendars for the groundbreaking celebration for South Main Apartments (formerly the state office complex's Ladd Hall) in Waterbury. Senator Patrick Leahy will join developers Central Vermont Community Land Trust and Housing Vermont as the comm

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