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Housing in the news

Treasury initiative receives press coverage

Yesterday's announcement about a new federal initiative to help housing finance agencies, such as VHFA, received attention in a number of media outlets.

Here's a list of what we've come across:

Valley News: Workforce housing scarce

valley news front pageThe Valley News published a piece yesterday looking at workforce housing in Vermont/New Hampshire's Upper Valley.

In a nutshell, "Home prices are still beyond the means of many people in the Upper Valley."

VHFA's Sarah Carpenter, Maura Collins and Leslie Black-Plumeau provided some opinions and statistics for the story.

Burlington Free Press: Housing market showing recovery

The Burlington Free Press included a story in yesterday's edition headlined "Housing market showing recovery."

Dan McLean writes, "In Vermont, the pace of home sales has quickened in recent months, but sales prices remain below last year's levels."

Read the article online.

Forest Park in Rutland Herald

In light of $2.34 million in federal stimulus funding coming to help restore Forest Park in Rutland — Read our previous post — the Rutland Herald has published a story looking at the history of that early-'70s housing development.

VHFA Executive Director Sarah Carpenter is quoted in the piece by staff writer Stephanie Peters.

Opinions vary on tax credit's effect

In an article published in yesterday's Barre-Montpelier Times Argus, writer Bruce Edwards quotes a number of housing insiders about the effects of the first-time homebuyer tax credit on home sales in Vermont.

Opinions vary.

VHFA Executive Director Sarah Carpenter is one of many people quoted.

Read the article online.

Nine steps to buying a house

We're always encouraging new homebuyers to attend a class given by the NeighborWorks® HomeOwnership Centers of Vermont. The knowledge you'll gain will be well worth the modest price.

Ludy Biddle, Executive Director of NeighborWorks of Western Vermont, has outlined the nine topics covered by her organization's "Housing 101" course in an article that appeared in the Rutland Herald this weekend.

$2.34 million coming for Rutland housing

More than $2.3 million in federal stimulus money is coming to help the Rutland Housing Authority (RHA) redevelop Forest Park.

"We're one of just a handful of communities that were awarded these public housing transformation dollars and I think that really speaks to the work the community has done," RHA executive director Kevin Loso said in a recent Rutland Herald article.

RHA plans to demolish the existing project and rebuild it as single-family homes and apartments.

Total cost of the project is approximately $21 million.

Tight rental market featured in Seven Days

seven days illustration by sean metcalfSeven Days, the Burlington area's alternative weekly newspaper, made Burlington's tight rental market its cover story this week.

In "Unfair Market," Andy Bromage writes "Burlington ... continues to boast one of the lowest vacancy rates in the country: an astonishing 1.3 percent. In other words, for every 1,000 apartments in the city, just 13 are available for rent at any given time.

Vermont's banking industry in Livin' magazine

livin the vermont way coverThe September/October issue of Livin' the Vermont Way magazine features a story titled "Hunkering Down: Vermont's banks weather the economic storm."

Swanton project in Free Press

In this morning's edition the Burlington Free Press made mention of the $1.4 million in federal funds coming to Vermont for Blake Commons in Swanton.

Read the story online.

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