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Legislation

Village Haven to be first "Vermont neighborhood"

Last week developers broke ground in Essex Junction on what will become Village Haven, the state's first designated "neighborhood" under the new Vermont Neighborhoods law passed last spring.

Dousevicz Inc. of South Burlington plans to build 18 two- or three-bedroom single-family homes and six duplex homes on the property.

The houses will sell for $258,000 to $320,000.

U.S. House approves Section 8 voucher reform

Yesterday the U.S. House Committee on Financial Services approved the Section 8 Voucher Reform Act of 2009 (H.R. 3045).

The bill would establish a stable, fair and cost-effective funding system for the Section 8 program and ensure no tenant is ever at risk of losing housing assistance because of unexpected budget shortfalls.

The bill would also restore previous assistance levels by authorizing 150,000 new vouchers.

The Section 8 Housing Choice Voucher Program provides rental housing assistance to 2 million low-income families nationwide.

New law: Protection for tenants in foreclosed properties

Last week President Obama signed into law the Helping Families Save Their Homes Act.

The new law, which became effective May 20, provides protections for tenants living in foreclosed properties.

A White House release pertaining to the law says, "One of the often overlooked problems in the foreclosure crisis has been the eviction of renters in good standing, through no fault of their own, from properties in foreclosure.

NCSHA legislative/ regulatory priorities

The National Council of State Housing Agencies (NCSHA), of which VHFA is a member, is a national, nonprofit organization created by the nation's state Housing Finance Agencies (HFAs) to advance through advocacy and education their efforts to provide affordable housing.

Help make sure housing is part of recovery plan

The Federal government is currently working on an economic recovery plan that could amount to $1 trillion.

It's important for the future of affordable housing and the fight to end homelessness that housing is included in that plan.

Our friends at the National Low Income Housing Coalition (NLIHC) suggest you contact your U.S. Representatives and Senators and encourage them to support a plan that includes several housing-related elements:

Village Haven named first "Vermont neighborhood"

Village Haven, a 24-unit development in Essex Junction, has been named the first "Vermont neighborhood" by the state's Downtown Board.

The designation's the result of the Vermont Neighborhoods bill, which was passed this spring to stimulate housing development in downtowns and villages.

Read more in this morning's Burlington Free Press.

President signs housing stimulus bill

Today President Bush signed into law the Housing and Economic Recovery Act of 2008 (HR 3221). The measure provides housing organizations with a number of new tools to help slow home foreclosures and finance affordable houses and apartments.

The new legislation is a major step forward for Vermonters and the nation, according to our Executive Director Sarah Carpenter, but the work isn't finished yet.

U.S. Senate passes Housing and Economic Recovery Act

Saturday morning, on a vote of 72-to-13, the U.S. Senate passed the Housing and Economic Recovery Act (H.R. 3221).

The Senate chose not to amend the House-passed bill. It now goes to President Bush, who is expected to sign it.

Gov. Douglas signs housing, land use bill into law

gov. douglas signs billOn Wednesday, May 28th, Gov. Jim Douglas signed into law H.863, the comprehensive housing and land use bill passed by the Legislature on the final day of the 2008 session.

VHFA, Fair Housing Act celebrate anniversaries

birthday cupcakeToday marks the date in 1974 that Gov. Thomas Salmon signed legislation creating Vermont Housing Finance Agency.

In the past 34 years, we've helped about 26,000 Vermonters purchase primary residences; and have provided financing, development and management support, subsidy administration and tax credits to 7,400 units of multifamily rental housing.

Happy birthday to us!

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