-A A +A

Press Releases

NEW FEDERAL HOUSING BILL HAS MANY BENEFITS FOR VERMONTERS

BURLINGTON—New federal housing legislation signed into law by President Bush this morning is a major step forward for Vermonters and the nation, according to VHFA Executive Director Sarah Carpenter, but the work isn’t finished yet. “The provisions to help homeowners in trouble and to stabilize Fannie Mae and Freddie Mac got a lot of attention recently,” Carpenter said, “but the benefits of this legislation reach much farther. A new housing trust fund is created by this bill, and the federal government has given housing finance agencies more resources to support affordable housing.

VHFA HONORS TOP MORTGAGE LOAN ORIGINATORS, LENDING INSTITUTIONS FOR FY2008

BURLINGTON—Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2008: Julie Heffernan, National Bank of Middlebury, Addison County, Middlebury; Debbie Corey, Chittenden Bank, Bennington County, Bennington; Susan Laferriere, Union Bank, Caledonia/Essex counties, St. Johnsbury; Sarah Britton Cote, New England Federal Credit Union, Chittenden/Grand Isle counties, Williston; Carol McKinney, New England Federal Credit Union, Franklin County, St.

CRAIG BAILEY ATTENDS “AN EVENT APART” WEB DESIGNERS CONFERENCE

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Communications Coordinator Craig Bailey attended “An Event Apart” (AEA), a two-day conference for Web designers, held June 23-24 at the Marriott Copley Place in Boston, Mass. Speakers at the event included AEA co-founders Jeffrey Zeldman and Eric Meyer, and a dozen other Web professionals.

PELLETIER JOINS VHFA BOARD OF COMMISSIONERS

BURLINGTON, VT  Gov. Jim Douglas has appointed Thomas N. Pelletier of Montpelier to the VHFA Board of Commissioners. “Tom’s been a highly-respected member of Vermont’s lending community for a decade,” says Executive Director Sarah Carpenter. “We’re all looking forward to the energy and fresh perspective he’ll bring to our Board.” Pelletier has been President and Chief Executive Officer of Northfield Savings Bank in Northfield since 1998. He serves as a Director of the Vermont Chamber of Commerce, Public Television of Vermont, Norwich University Applied Research Institutes, Ltd.

VERMONT NAMED FINALIST IN EXPANSION OF MACARTHUR FOUNDATION HOUSING INITIATIVE; NEW REPORT DETAILS EFFECTS OF FORECLOSURE CRISIS ON RENTAL MARKET

Montpelier—The John D. and Catherine T. MacArthur Foundation has selected a proposal by the Vermont Housing and Conservation Board and the Vermont Housing Finance Agency to compete for up to $5 million in new funding to support state rental housing preservation efforts. The Vermont agencies would use the funding to restructure financing, increase energy efficiency, and provide support services to frail elders and formerly homeless individuals. The funds would be targeted to preserve more than 8,000 private and non-profit owned rental apartments in 123 towns over the next ten years.

SLADE, PHILBRICK RECEIVE TAX CREDIT SPECIALIST CERTIFICATION

BURLINGTON—Executive Director Sarah Carpenter announced that Multifamily Operations Specialists Erin Philbrick and Joshua Slade were certified Tax Credit Specialists by the National Center for Housing Management (NCHM). The certification is the result of three days of training and exams held in Boston last month. Tax Credit Specialists exhibit a high level of knowledge of the federal Low Income Housing Tax Credit (LIHTC) program, which creates and preserves affordable rental housing for lower-income households.

MARTHA PANTON HIRED AS HUMAN RESOURCES/OFFICE MANAGER

BURLINGTON—Executive Director Sarah Carpenter announced that Martha Panton, PHR, of Vergennes has joined VHFA as Human Resources/Office Manager. Panton was most recently Human Resources Project Coordinator at HallerLee Human Resources Consulting LLC in Burlington. Before that she served as Human Resources Administrator at 4 Seasons Garden Center in Williston. She was recently certified a Professional in Human Resources (PHR) by the Human Resource Certification Institute (HRCI), the credentialing affiliate of the Society for Human Resource Management (SHRM) in Alexandria, Virginia.

CARPENTER RECEIVES LEAHY LEADERSHIP AWARD

BURLINGTON— Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter has received the Leahy Leadership Award. The award, established in 1998, recognizes outstanding efforts of individuals to alleviate homelessness in Vermont. U.S. Sen. Patrick Leahy and Committee on Temporary Shelter (COTS) Executive Director Rita Markley presented the honor at the COTS Annual Meeting on Oct. 9 in Burlington. Carpenter received the award for her leadership in the area of affordable housing, and in particular for her many efforts to fight homelessness.

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.

Pages

Subscribe to RSS - Press Releases