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Housing in the news

Private developer steps in to help Shelburnewood mobile home park

Burlington Free PressAccording to this morning's Burlington Free Press, developer Tony Pomerleau plans to buy the Shelburnewood mobile home park and allow residents to continue living there. 

Housing affordability improved in 2011, but challenges remain for single wage-earner households

The low interest rates offered by mortgage lenders during the economic downturn have improved housing affordability, according to an index prepared each year by the Vermont Economy Newsletter.   The percentage of income consumed by mortgage payments on the av

VPR spotlights mobile home residents recovery from recent floods

More than 100 mobile homes in Vermont were destroyed by Tropical Storm Irene and hundreds more were damaged.   The age and unique phyical characterstics of mobile homes, siting and land ownership complexities, and limited financing options have presented se

Returning foreclosed homes to normalcy key to economic recovery

The slow pace of the economic recovery is due in large part to a chronic glut of pending troubled home loans and foreclosures across the U.S., according to the nation's leading economists.    

Housing affordability worsens for renters

Despite reports of lower housing prices associated with the recent economic recession, housing affordability has continued to worsen, particularly for the nation’s working and lower income renters, according to several reports released re

"Solidarity Sleep Out" for homeless youth

A group of business and community leaders will spend the night of March 29th sleeping outdoors, on the grounds of the Burlington Unitarian Church.   Run by Spectrum Youth and Family Services, the sleep out is intended to help raise awareness of youth

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.

President’s budget proposes changes to federal housing credit, MRB and HUD programs

The Obama administration sent Congress its FY 2013 budget this week, proposing changes to the housing credit program to provide incentives for creating mixed-income housing and to allow a 30 percent basis boost for some 4 percent credit, tax-

Vermont receives $6.7 million in mortgage settlement

The settlement between the nation's top five mortgage lenders, the states, and the federal government will bring $3.1 million to Vermonters in the form of loan modifications and other relief.   An additional $3.6 million will go to the state's co

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