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Misc

Funding awarded for 15 new vouchers for homeless veterans

Vermont will be able to permanently house 15 more homeless Veteran households in affordable housing with supportive services available thanks to a recent award to the Vermont State Housing Authority. The funding is from the U.S.

VHFA lowers home mortgage loan interest rates

VHFA lowered our home mortgage loan interest rates today.

Our Government program — 30-year, 0 point, fixed rate — is 4.75% (4.75% APR).

Our Conventional program — 30-year, 0.25 point, fixed rate — is 4.875% (4.9% APR).

Read about VHFA's home loan programs online. If you're unsure which program might be right for you, we have a quick online quiz you can take to help.

New homeownership income, purchase price limits

Last Friday, VHFA adjusted our home loan income and purchase price limits. Now, more Vermonters will be able to purchase homes using VHFA's low-interest mortgages.

Income and purchase price limits vary by county and help determine which homebuyers and
properties are eligible for VHFA financing. Income limits are ceilings on what households can
earn and still qualify for VHFA mortgages; purchase price limits are the maximum price a
home can sell for and still be eligible for VHFA financing.

Good luck, Pat!

VHFA staff sent off retiring Director of Homeownership Programs Pat Crady with a potluck luncheon today, complete with mariachi band. (How we managed to pull together a 4-piece mariachi band from our own ranks stands as a testament to how multi-talented our staff is. I think.)

Pat's retiring from her position after working for the Agency for 26 years.

Good luck, Pat!

How to apply for flood assistance

Residents of Addison, Chittenden, Franklin and Grand Isle counties who were affected by flooding have 60 days to apply for assistance from the Federal Emergency Management Agency (FEMA).

There are 3 ways to apply:

  1. Call 1-800-621-3362
  2. Go online to fema.gov
  3. Apply in person:
    • Mallets Bay Fire Department, Church Road, Colchester
    • 10 Precision Lane, Swanton
    • 140 Fishers Pond Road, St. Albans

To apply, you'll need:

Small housing development gaining traction on West Coast

Local governments in Portland, Ore., Los Angeles, Calif., and Kirkland, Wash., have taken steps to promote small housing development, according to the U.S. Department of Housing & Urban Development's case studies clearinghouse.

For sale: 41 Country Way, Barre

41 country way, barreVHFA has listed for sale a home at 41 Country Way, Barre. The price for the three-bedroom, two-bath house is $100,000, after a $75,000 grant.

This house is one of the latest to come through the Housing Acquisition & Rehabilitation Program (HARP), where VHFA acquires foreclosed properties from banks, renovates them, and resells them to income-eligible Vermonters.

Possible government shutdown and its affect on housing

With the potential of a shutdown of the federal government looming tomorrow, we've received questions from people wondering what it would mean for VHFA and housing in Vermont.

Regardless of whether or not there's a shutdown, it will be business as usual for VHFA.

However, a number of federal housing programs managed by the U.S. Department of Housing and Urban Development (See list below) could be interrupted, reason enough to hope Congress resolves this crisis before it happens.

Community planning and development

April is Fair Housing Month

April is Fair Housing Month, marking the 43rd anniversary of the federal Fair Housing Act.

The Act, passed by Congress in 1968 at the urging of President Lyndon Johnson, protects buyers and renters of dwellings from discrimination by sellers and landlords.

Providing affordable housing opportunities to all Vermonters is one of the founding principles of VHFA. Last October, VHFA published the City of Burlington's Analysis of Impediments to Fair Housing Choice (PDF).

VHFA open for business

VHFA's offices are back open for business after yesterday's snow day.

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