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Misc

Vermont's rental housing codes all in one (online) place

VHFA launched a new website today: Vermont Rental Housing Codes. The site provides guidance on the health and safety standards that existing residential rental housing in Vermont must meet.

Housing director dies in tragic accident

Phil Holmes, long-time promoter of affordable multifamily housing at HUD’s Manchester office, died tragically last night in a motorcycle accident.

Through his many years of work with the Maine, New Hampshire and Vermont housing manager associations, Phil became a good friend to many owners, managers and agency staff.   Phil was a was strong advocate of HUD’s risk share insurance program and expansion of computer learning centers in HUD assisted housing.   He was also well known for his involvement with Northgate Apartments and support for resident control and ownership.

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

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