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Finance

VHFA hiring for two finance positions

VHFA has two exciting job openings for a Director of Bond Financing and Investments and a Controller.

Read the job descriptions on our Web site and apply by July 29.

VHFA shines in A-133 audit of Federal awards programs

KPMG has completed VHFA's A-133 audit, and the Agency passed with flying colors.

KPMG's report on compliance for VHFA's major programs was "unqualified" — a positive reflection on the Agency — and it found no material weaknesses or deficiencies in VHFA's internal controls.

Furthermore, there were no findings or questioned costs related to VHFA's federal awards.

Moody's assigns VHFA bonds highest rating

Moody's Investors Services has assigned an 'Aaa' rating to VHFA's $6.71 million 2009 Series B multifamily bonds.

The rating indicates Moody's has determined the bonds are the highest quality with the smallest degree of risk.

The Agency is converting approximately $6.71 million of 2009 Series A bonds and re-designating it as 2009 Series B.

VHFA breaks $3 billion bonding milestone

VHFA has passed a major milestone: The Agency has issued more than $3 billion in bonds to finance homeownership and rental opportunities for low- and moderate-income Vermonters.

Over its nearly-37-year history, VHFA has put that money to use helping approximately 27,000 Vermont households to buy a home and financing the development of approximately 8,400 affordable rental units.

Read more in this morning's press release (PDF).

Request for proposal: Auditor services

VHFA is soliciting proposals from independent, nationally- or regionally-recognized public accounting firms for the purpose of auditing its financial statements beginning with the fiscal year ending June 30, 2011.

All details are available online.

Renee Couture moves to Finance Department

renee coutureAnother change to report in VHFA's Finance Department: Renee Couture has accepted the new position of Financial Analyst/Compliance Specialist.

Renee joined VHFA in 2002 as an Administrative Assistant, and most recently held the position of Legal Coordinator.

Read the details of her new position in our press release (PDF).

Lisa Clark promoted to Finance Operations Manager

lisa clarkWe've had some shuffling of duties and responsibilities in the Finance Department, and Lisa Clark has been promoted to the new role of Finance Operations Manager.

Lisa's been with VHFA since 1997 and was previously Senior Financial Analyst.

Read the details in our press release (PDF) from this morning.

Congratulations, Lisa!

Fitch rates VHFA bonds 'AAA'

Fitch Ratings has assigned 'AAA' ratings to $30 million of VHFA mortgage revenue bonds.

Rating outlook for the bonds — Series 2010A and Sub-series 2009A-1 — is stable, according to Fitch.

'AAA' is the firm's highest rating.

Read more about Fitch's ratings.

Request for proposal: GASB 53 swap analysis

VHFA's seeking proposals from a firm to perform swap analysis services related to GASB 53.

Learn more and download the RFP document from our Web site.

The Governmental Accounting Standards Board (GASB) is an independent, private-sector, non-profit organization that establishes and improves standards of financial accounting and reporting for U.S. state and local governments, and authorities.

Fitch rates VHFA bond resolution A+

Fitch Ratings has rated VHFA's 1990 single-family housing bond resolution A+. The rating outlook is stable.

This is Fitch's initial rating for the program, which was created in 1990 and issued bonds for seven years, including Series 9-27.

Fitch expects to issue a full report on VHFA's single-family bond program this week.

Read more about Fitch's rating at CNBC.

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