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Housing in the news

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Demand drives new home construction in northwest Vermont

Demand for apartments and denser neighborhoods is driving home construction in Chittenden and Franklin counties this year according to a recent article in Vermont Business Magazine that surveyed area builders and housing experts, including VHFA Executive Director Sarah Carpenter.

Carpenter explained that "more people are delaying the purchase of their first home and that in turn has put pressure on the rental market."

Rural housing finance: One size does not fit all

Unique features of rural housing require flexible national policies and financing programs, explains Executive Director Sarah Carpenter in her recent article for Rural Voices, a journal of the Housing Assistance Council.

Vermont housing leaders advise HUD Secretary on importance of federal support, coordination, flexibility and working effectively in rural areas

At the invitation of Senator Patrick Leahy, U.S. Department of Housing and Urban Development Secretary Julian Castro visited Burlington yesterday to meet with the state’s housing leaders and attend a ribbon-cutting at the new Bright Street affordable housing project.

Need an affordable apartment?

Need an affordable apartment or know someone who does?

Need an affordable apartment?

Need an affordable apartment or know someone who does?

Need an affordable apartment?

Need an affordable apartment or know someone who does?

Chittenden County leaders call for increased production of housing over next 5 years

Building Homes Together  was launched yesterday. It is a collaboration of organizations and communities seeking to remedy some of the most pressing challenges in Chittenden County’s housing market.

“The housing shortage in Chittenden County has been well noted with unhealthy vacancy rates and high rents,” added Charlie Baker, Executive Director of the Chittenden County Regional Planning Commission. “Employers can’t find workers, and workers themselves spend more time in commutes and with a higher percentage of their paychecks on housing costs.” 

High rents put Vermont’s housing wage far above average wage or minimum wage

A modest, two-bedroom apartment costs $1,099, according to the annual Out of Reach report from the National Low-Income Housing Coalition. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn an hourly “housing wage” of $21.13—far more than Vermont’s minimum wage of $9.60 or the average wage among the state’s renters ($11.79).

The graying of America's homeless

The number of homeless living in the U.S. who are over the age of 50 has jumped recently, and now comprises 31 percent of the nation's total homeless population, according to the New York Times. This is creating "daunting challenges for social service agencies and governments already struggling with this crisis of poverty."

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