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Housing in the news

Some borrowers harmed during foreclosure receive compensation

Borrowers nationwide who think they were financially harmed during the mortgage foreclosure process in 2009 or 2010 may request an independent review and potentially receive compensation.  The deadline for filing appli

Federal HOME program is critical to Vermonters

Recent cuts to the federal HOME program hurt local families as well as the communities in which they live. In a recent publication from the U.S.

Vermonters describe homelessness experiences

Burlington Free PressSeveral Vermonters addressed an audience of agency officials and Vermont Interfaith Action group members on Wednesday to share their experiences with homelessness.   Vermont Interfaith Action is a consortium of a religious organizations. 

Incidence of underwater mortgages varies greatly by region

About 31 percent of American homeowners with mortgages owe more on their mortgages than their home is worth, according to a

VHFA creates affordable housing and jobs through HARP program

This month marks the completion of three years of Vermont’s Housing Acquisition & Rehabilitation Program (HARP)—a program that has helped renovate 55 homes as of March 31, 2012, including the historic St.

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

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