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Press Releases

VHFA awards millions in tax credits for affordable housing: Credits create 31 permanent homes for people who are homeless in four communities

BURLINGTON, VT -- On Monday, April 18, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal low-income housing tax credits and state affordable housing tax credits that will provide almost $25 million in upfront equity to construct and renovate housing for low-income Vermonters and will increase permanent supportive housing for people who were formerly homeless.

JOSH MEAD JOINS VHFA AS OPERATIONS COORDINATOR

Executive Director Sarah Carpenter announced Josh Mead has joined Vermont Housing Finance Agency as Operations Coordinator.  Josh has been working locally providing administrative and technical support to external customers for Alutiiq Technical Services out of Alaska. Josh has experience with various systems, data management, report testing and working with IT staff.

VHFA tops list of best places to work

VHFA was ranked number one Best Place to Work among small and medium sized companies across the state by the Vermont Business Magazine. The award was made last night at the Echo Lake Aquarium and Science Center, where hundreds of employees from the 38 companies ranked as finalists gathered.

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.

RANDY AMIS TO CHAIR VHFA BOARD OF COMMISSIONERS

Governor Peter Shumlin has appointed Randy Amis of Burlington to chair the VHFA's Board of Commissioners.

L. Randolph Amis (Randy), 59, has been an attorney in Burlington, Vermont since 1981.  He is currently with the firm of L. Randolph Amis, Esq., P.C. which has a wide variety of clients in residential and commercial real estate matters, business matters, estate planning and probate actions.

HUNDREDS CONVENE AT VERMONT STATEWIDE HOUSING CONFERENCE

BURLINGTON, VT  About 450 policy makers, housing developers, lenders and advocates convened today to learn from national and state leaders and to identify the state’s most pressing housing issues. The conference was kicked off by Governor Shumlin as he discussed his priorities for housing, followed by interactive instant polling designed to capitalize on this rare convening of the state’s full cadre of housing voices. Polling results showed little disagreement among conference participants about the severity of the state’s shortage of housing affordable to lowincome Vermonters.

GREAT TIME TO BUY A HOME IN THE NORTHEAST KINGDOM

BURLINGTON, VT  Thanks to low interest rates and a little known housing program making big impacts, this is a great time to buy a home. The Housing Acquisition & Rehabilitation Program (HARP), administered by the Vermont Housing Finance Agency (VHFA), is helping qualified home buyers buy beautifully restored and energy efficient homes in the Northeast Kingdom as well as other parts of the state.

NEW LOWER INTEREST RATES EXTEND HOME BUYING OPPORTUNITIES

BURLINGTON, VT  This week marked VHFA’s unprecedented release of $20 million in financing for Vermont home buyers with a new, historically low, fixed interest rate of 3.875% for 30-year mortgages. The low rate is available for VHFA’s conventional and government loan programs, and is available exclusively through VHFA participating lenders. “This rate helps us extend the dream of homeownership to more people,” said VHFA Executive Director Sarah Carpenter.

VHFA TAKES SILVER AWARD FOR WORKSITE WELLNESS

BURLINGTON— Employees of Vermont Housing Finance Agency (VHFA) were recognized recently by the Vermont Governor’s Council on Physical Fitness and Sports for the company’s workplace wellness initiatives. One of 91 businesses considered for this award, VHFA provides a combination of traditional and non-traditional features to help staff reach the best individual wellbeing possible. VHFA uses a holistic approach to encompass the many aspects of an individual’s wellness—including financial, emotional, mental and physical.

VHFA ANNOUNCES EXECUTIVE MANAGER RETIREMENT AND PROMOTION

BURLINGTON—Vermont Housing Finance Agency (VHFA) announced today that Patricia Loller, Director of Administration, will be retiring from the agency effective July 15, 2014. Concurrently, Maura Collins will be promoted to the position of Director of Administration and Policy. “Pat has been my right hand since I joined the agency 15 years ago,” VHFA Executive Director Sarah Carpenter explained.

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