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Press Releases

WHEN I’M 64 … WHERE WILL I LIVE? NEW VHFA ISSUE PAPER DESCRIBES CHALLENGES AHEAD AS VERMONT GROWS OLDER

BURLINGTON—Vermont is graying rapidly, and that demographic fact presents major challenges in housing and other areas, according to a new issue paper released today by Vermont Housing Finance Agency. The new publication, “Housing and the Needs of Vermont’s Aging Population,” is the third in a series of VHFA issue papers on affordable housing issues. The paper details the growing challenge of providing for an aging population in a time of rapidly-rising costs and limited resources. For example, by 2030, nearly one-fourth of Vermont’s population will be 65 or older.

LISA CLARK PROMOTED TO SENIOR FINANCIAL ANALYST

BURLINGTON—Executive Director Sarah Carpenter announced that Lisa Clark of Essex has been promoted to Senior Financial Analyst. Clark’s new responsibilities include working with the Agency’s Investment Manager and Controller to prepare quarterly and annual financial statements; and assisting in the tracking and monitoring of investments, arbitrage compliance calculations, and coordination of single-family bond trustee operational activity.

VHFA HONORS TOP MORTGAGE LOAN ORIGINATORS, LENDING INSTITUTIONS FOR FY2007

BURLINGTON— Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2007: Michelle Shambo, Chittenden Bank, Middlebury, Addison County; Wendy Chenaille, Bank of Bennington, Bennington, Bennington County; Cathy Clark, Northeast Home Loan/Passumpsic Bank, St. Johnsbury, Caledonia and Essex counties; Jeanne Boucher, New England Federal Credit Union, South Burlington, Chittenden and Grand Isle counties; Carol McKinney, New England Federal Credit Union, St.

ASHLEY LAMELL HIRED AS STAFF ACCOUNTANT

BURLINGTON—Executive Director Sarah Carpenter announced that Ashley Lamell of Burlington has joined VHFA as Staff Accountant. Lamell is responsible for the Agency’s accounts payable and daily cash receipts functions. Lamell’s previous position was Tech Support Clerk/Technical Specialist, Cash Control, at Chittenden Services Group in Burlington. Before that, she worked several years as Office/Accounting Assistant at Central Supplies in Randolph. Lamell holds a B.S. in Accounting earned from Plymouth State University in Plymouth, N.H. She graduated summa cum laude earlier this year.

CLARENCE E. DAVIS HIRED AS DEVELOPMENT OFFICER

BURLINGTON—Executive Director Sarah Carpenter announced that Clarence E. Davis of Burlington has joined VHFA as Development Officer. Davis analyzes prospective multifamily housing and single-family development loans being considered for VHFA financing. He’s responsible for underwriting of Housing Credit applications and assists VHFA’s Director of Development with the administration of the Housing Credit program. Davis spent a year as Director of Homeownership Programs at the Central Vermont Community Land Trust in Barre.

NEW PARTICIPATING LENDER JOINS VHFA ROSTER

BURLINGTON, VT  First National Bank of Orwell has become a Vermont Housing Finance Agency (VHFA) participating lender. Participating lenders work with borrowers to answer questions about purchasing a home with a VHFA mortgage, determine borrowers’ eligibility, and process applications for low-interest rate VHFA home loans. “We’re pleased to have First National Bank of Orwell join the ranks of VHFA participating lenders,” said VHFA Executive Director Sarah Carpenter.

VHFA CELEBRATES RECORD YEAR: $134 MILLION IN AFFORDABLE MORTGAGE LOANS

BURLINGTON—Vermont Housing Finance Agency closed its books on the 2007 Fiscal Year with a record level of home mortgage loan purchases. The Agency purchased more than $134 million worth of home mortgage loans from July 1, 2006 to June 30, 2007. “This means more than 900 Vermonters and their families were able to purchase homes with VHFA mortgage products,” said Sarah Carpenter, VHFA Executive Director.

GREENOUGH EARNS PROFESSIONAL IN HUMAN RESOURCES CERTIFICATION

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Office Manager Rebecca Greenough was certified a Professional in Human Resources (PHR) by the Human Resource Certification Institute (HRCI). The certification is the result of an intensive course of study in strategic planning, compensation and benefits, HR development, employee rights, and other HR issues, followed by a four-hour exam. “This certification represents a tremendous amount of initiative on Becky’s part,” said VHFA Executive Director Sarah Carpenter.

LORI GILDING HIRED AS EXECUTIVE ASSISTANT

BURLINGTON—Executive Director Sarah Carpenter announced that Lori J. Gilding of South Burlington has joined VHFA as Executive Assistant. Gilding coordinates VHFA Board of Commissioners activities, provides administrative support to executive managers, and assists the Office Manager with Agency functions. Gilding served as Legal Assistant/Marketing Coordinator at Burlington law firm Dinse, Knapp & McAndrew PC beginning in January 2005. Before that, she was an Executive Assistant at Lane Press Inc. in South Burlington.

JOSHUA SLADE HIRED AS MULTIFAMILY OPERATIONS SPECIALIST

BURLINGTON—Executive Director Sarah Carpenter announced that Joshua Slade of Colchester has joined VHFA as Multifamily Operations Specialist. Slade provides support to the Agency’s Multifamily Development and Multifamily Asset Management departments, including aspects of originating, underwriting, closing and servicing of multifamily loans and tax credit projects.

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