BURLINGTON—More Vermonters will be able to purchase homes using Vermont Housing Finance Agency’s low-interest mortgages thanks to new income and purchase price limits put in place last Friday. “VHFA is always working hard to respond to Vermont’s housing market, which can be a moving target,” explained Executive Director Sarah Carpenter.
Press Releases
BURLINGTON VT—Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced Jacklyn Santerre of Colchester has been promoted from Assistant Director of Homeownership Programs to Director of Homeownership. Santerre is responsible for the management of VHFA’s homeownership programs including production, outreach, and servicing, as well as new program development and implementation. She works with other members of VHFA’s Senior Management team and the Agency’s Executive Management to assist in the development of the Agency’s strategic and business plan.
BURLINGTON VT—Renting an apartment in Vermont continues to grow more difficult for the average Vermonter, according to a report released today. The 2011 update of “Between a Rock and a Hard Place: Housing and Wages in Vermont” shows a modest 2- bedroom apartment in Vermont costs an average of $990 a month, a 7 percent increase over the year before and a 58 percent increase since 2000. A renter would need to earn an hourly wage of at least $19.03 — or $39,595, annually — to afford this.
BURLINGTON—Vermont Housing Finance Agency (VHFA) has passed a major milestone: The Agency has issued more than $3 billion in bonds to finance homeownership and rental opportunities for low- and moderate-income Vermonters. Over its nearly-37-year history, VHFA has put that money to use helping approximately 27,000 Vermont households to buy a home and financing the development of approximately 8,400 affordable rental units.
BURLINGTON—Executive Director Sarah Carpenter announced Robin Howe of Colchester has joined Vermont Housing Finance Agency (VHFA) as Multifamily Operations Specialist. Howe ensures data integrity of the multifamily core software applications and provides administrative support to the VHFA Multifamily Management and Development departments. She also maintains the Directory of Affordable Rental Housing (www.housingdata.org/doarh) and required documentation related to VHFA’s multifamily portfolio.
BURLINGTON—Executive Director Sarah Carpenter announced Brenda Howley of South Burlington has joined Vermont Housing Finance Agency (VHFA) as Legal Coordinator. Howley assists VHFA’s General Counsel in performing legal functions for the Agency, including oversight of corporate records management, program and procedure review and closings of multifamily mortgage loans for construction, acquisition and rehabilitation, preservation, and ownership transfer involving multiple lenders, Low Income Housing Tax Credits, bond financings and other sources of funding.
BURLINGTON—Executive Director Sarah Carpenter announced Jennifer Hollar has joined the Vermont Housing Finance Agency (VHFA) Board of Commissioners. Hollar, the state’s new Deputy Commissioner of the Vermont Department of Economic, Housing and Community Development (DEHCD), has worked at the Vermont Department of Housing and Community Affairs, Vermont Housing and Conservation Board, and a Washington, D.C., municipal development organization.
BURLINGTON—Vermont Housing Finance Agency (VHFA) is looking for VHFA home mortgage loan customers, as well as renters of VHFA-financed apartments, to join its collection of success stories. “Now, more than ever, it’s important organizations like VHFA be able to demonstrate the good results of our work,” according to Executive Director Sarah Carpenter. “With government bailouts and growing national debt on everyone’s minds, it’s important we point out that VHFA and many of the nation’s other housing finance agencies are self-sustaining.
BURLINGTON—Vermont Housing Finance Agency (VHFA) donated 86 pairs of mittens and gloves stuffed with candy to Burlington’s King Street Center. For the first time in its long holiday tradition of donating to the center, VHFA tied its annual mitten drive to a campaign to build the Agency’s base of Facebook “fans”: VHFA donated a pair of mittens for every new fan it received between Nov. 30 and Dec. 15. “We added 86 Facebook fans over that period,” according to Executive Director Sarah Carpenter.
BURLINGTON—Vermont Housing Finance Agency (VHFA) will donate a pair of mittens stuffed with candy to Burlington’s King Street Center for every new fan that joins the Agency’s Facebook page through Wednesday, Dec. 15. “Our ‘mitten stuffing’ drive has been a holiday tradition at VHFA for many years,” according to Executive Director Sarah Carpenter.