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Housing in the news

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 seemingly

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 recently. 

"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 homeles

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-exempt b

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 coffers fo

Obama administration releases details of new housing plan

Following up the State of the Union address, the Obama administration released details of a plan to help borrowers and support the housing market's recovery.  

Designing the future of Burlington's downtown areas

If you're walking down Church Street in Burlington this week and want to help shape the future of the city's downtown areas, stop by the PlanBTV design charrette underway in the former Ann Taylor store space at 1 Church Street.   

Read more in today's Burlington Free Press or watch a short video about PlanBTV.


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