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Legislation

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.

Congressman Welch leads public discussion Friday of the importance of federal housing credits

Bobbin_MillAt 12:15 pm Friday, June 13th, Congressman Peter Welch and Mayor Miro Weinberger will lead a public press conference about the critical link between the Low-Income Housing Tax Credit and Vermont’s supply of affordable rental housing.

Details of federal Johnson-Crapo Housing Finance Reform Bill released

capitalSenate Banking Committee leaders Tim Johnson of South Dakota and Mike Crapo of Idaho released yesterday details of their comprehensive housing finance reform legislation, entitled the Housing Finance Reform and Taxpayer Protection Act of 2014.

Vermont lawmakers urged to prevent homelessness through rental subsidies

VT Section 8 vouchersAt Thursday’s vigil on the Statehouse steps and joint legislative hearing on homelessness,  Vermonters who have experienced homelessness and service providers  were among the voices urging lawmakers to consider long-term solutions.  Lind

Federal government "shutdown" contingency plans available from housing agencies

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