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Finance

Patrick DiMambro hired as staff accountant

Executive Director Sarah Carpenter announced Tuesday that Patrick DiMambro of Burlington has joined VHFA as Staff Accountant.

Advanced housing tax credit course on June 7, 2012

This full day training, sponsored by Vermont Housing Managers Association, is intended for senior management staff, developers, corporate finance officers, and others involved in decision-making with regard to how credit deals are structured.  

How negative equity affects unemployment rates

State housing finance agency credit ratings stabilize

Credit ratings for the single-family programs of state housing finance agencies in the U.S.

New neighbors in VHFA’s future?

Plans for the final development of the block across from VHFA’s offices took a leap forward recently.  On Tuesday, Burlington voters approved the creation of a tax increment financing district to help projects such as this in the cit

Treasury announces $35 million in New Markets Tax Credit awards for Vermont

Emphasizing the importance of economic recovery in distressed areas, U.S. Department of the Treasury's announced last week the award of $3.6 billion in New Markets Tax Credit (NMTC) nationwide, including $35 million for Vermont projects.  

Housing finance agency bonds give best risk-adjusted return among municipal bonds

Since 2009, bonds backed by payments on publicly financed single-family-home loans earned more than all other types of municipal bonds, according to data compiled by Bloomberg.

Materials available for next week's QAP public hearing

Next Thursday, February 2, 2012, Vermont's Joint Committee on Tax Credits will conduct a public hearing to discuss changes to the Qualified Allocation Plan (QAP) used to select the projects that will receive state and federal housing tax credits.

Hefty down payment requirements may block creditworthy home buyers

According to a recent study, requiring down payments of at least ten percent is less likely to prevent a mortgage from defaulting than other measures, such as requiring borrower income documentation and prohibiting hybrid adjustable-rate mortgages with “teaser payments”.   

Researchers at the University of North Carolina’s Center for Responsible Lending used national level data to examine the effect of various requirements on borrowers’ access to mortgage credit and on the number of defaults they would be likely to prevent.   

Federal Reserve suggests ways to improve U.S. housing conditions

In a paper delivered to Congress last week, Ben Bernanke and his staff describe the complex and interdependent issues hampering today’s housing market.

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