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Legislation

Legislative victories expected for housing tax credit and HOME program

Two measures that help address the affordable housing needs of low-income Vermonters are likely to be passed in federal tax and omnibus spending bills on Capitol Hill this month.

The tax bill makes permanent the 9 percent minimum Low-Income Housing Tax Credit rate. A fixed minimum rate will bring much-needed predictability to the process of developing affordable rental housing.

VHFA's Sarah Carpenter discusses down payment assistance on CCTV

VT Affordable Housing Show
Sarah Carpenter and Erhard Mahnke, 10/7/15

Word of new down payment assistance program spreads to potential home buyers statewide


From R to L: Sarah Carpenter, Governor Shumlin
and Senator Baruth. Photo: M. Collins.

Governor kicks off new down payment assistance program

Governor Shumlin joined leaders from VHFA, the Vermont Legislature and the business community today to launch a bold new effort to help the state’s first-time home buyers. Each qualified buyer will receive up to $5,000 for down payment and closing costs.

Carpenter explains need for down payment assistance on VPR

Governor Shumlin signed legislation last week that provides up to $5,000 to qualified buyers for closing costs and down payments. Sarah Carpenter, VHFA's executive director, was interviewed by VPR yesterday to talk about the program.

GOVERNOR APPROVES NEW VHFA DOWN PAYMENT ASSISTANCE PROGRAM

NORTHFIELD—Governor Shumlin signed legislation today that will help Vermonters buying their first home through VHFA by providing up to $5,000 for qualified buyers to cover the costs typically faced at closing due to down payment and closing costs. 

Housing Credit Minimum Rate Legislation

On May 5, the bill, S.1193, was introduced. The bill is the Improving the Low-Income Housing Tax Credit Rate Act, which would permanently establish a minimum 9 percent Housing Credit rate and a minimum 4 percent Credit rate for acquisition.

Down payment assistance is a sound investment for Vermont

Economic pressures and demographic shifts are preventing many young Vermonters and their peers nationwide from becoming home owners. To help Vermont continue to reap the well-documented benefits that homeownership brings to individual households, their neighborhoods and the greater community, policy makers can create tools that make home buying more economically feasible.

Jim Jeffords, former U.S. Senator and Vermont Housing Hero, dies at age 80

jeffords sarahFormer U.S. Senator and long-time Vermont resident Jim Jeffords died this morning. Since retiring from the Senate in 2007, Jeffords has lived in Knollwood Military Retirement Residence in the Washington, DC area near his family.

Welch champions legislation to strengthen Housing Credit program

miro,welch,sarah,Congressman Peter Welch visited Bobbin Mill Apartments, an affordable housing renovation project in Burlington, Friday to highlight his legislation (H.R.

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