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Finance

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.

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.

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.

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