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Press Releases

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.

PLANTILLA ELECTED PRESIDENT OF VERMONT GREEN BUILDING NETWORK

BURLINGTON—VHFA Development Underwriter Liza Vedder Plantilla has been elected President of the 15- member Board of Directors of the Vermont Green Building Network in Burlington. “I look forward to reaching out to those who want to ensure buildings are constructed, rehabilitated and maintained in a way that's environmentally responsible,” says Plantilla, who has served as the network’s Treasurer for two years. “Green building isn’t anything new to Vermonters. It’s a solid building ethic that includes conservation of materials, and minimizing waste and environmental impact.

PHILBRICK, COUTURE PROMOTED AT VHFA

BURLINGTON— Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced that Erin Philbrick of Milton and Renee Couture of Burlington have been promoted. Philbrick, who has been with the Agency since 2001, was promoted from Multifamily Operations Specialist to Multifamily Management Officer.

VHFA LOWERS HOME MORTGAGE LOAN INTEREST RATES

BURLINGTON— Vermont Housing Finance Agency (VHFA) has good news for prospective homebuyers — a lower mortgage interest rate. VHFA has lowered the rate on a 30-year, no points, fixed rate loan to 5.65 percent. The new rate became effective Feb. 12. “We’re always looking for opportunities to lower our rates whenever market conditions allow,” explained VHFA Executive Director Sarah Carpenter.

KIM ROY, KATHY CURLEY PROMOTED

BURLINGTON— Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced that Kim Roy of Williston and Kathy Curley of Burlington have been promoted. Roy, who has been with the Agency since 1989, was promoted from Multifamily Management Officer to Assistant Director Multifamily Programs. In her new position, she fills the lead role for business process review in conjunction with information technology services and related initiatives for multifamily property development and multifamily management.

VHFA DROPS HOME MORTGAGE LOAN INTEREST RATES

BURLINGTON— Vermont Housing Finance Agency (VHFA) has dropped the interest rate on a 30- year, no points, fixed-rate loan to 5.75 percent. The new low rate is expected to help more Vermonters realize their dream of homeownership. The new rate became effective today. “We strive to give our customers the lowest rates we possibly can,” said VHFA Executive Director Sarah Carpenter. “When market conditions permit, we always take the opportunity to lower rates. But those conditions change constantly, so we can never predict how long any rate will last.

VHFA HOLIDAY NOTE CARD SALE TO BENEFIT UNITED WAY OF CHITTENDEN COUNTY

BURLINGTON—Vermont Housing Finance Agency (VHFA) is selling holiday note cards to benefit the United Way of Chittenden County. The full-color cards are printed on recycled stock with earth-friendly vegetable-based ink, and feature original artwork donated by Polly Thibault, who works as a Loss Management Specialist for VHFA. VHFA is selling the cards with envelopes in packs of 10 for $10 through the VHFA Web site at www.vhfa.org/united_way.php. Orders can be placed online, or submitted using a printable PDF form available at the site.

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