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Press Releases

VHFA HONORS TOP MORTGAGE LOAN ORIGINATORS, LENDING INSTITUTIONS FOR FY2006

BURLINGTON— Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2006: Michelle Shambo, Chittenden Bank, Middlebury, Addison County; Wendy Chenaille, Bank of Bennington, Bennington, Bennington County; Susan Laferriere, Union 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.

VHFA HONORS TOP MORTGAGE LOAN ORIGINATORS, LENDING INSTITUTIONS FOR FY2006

BURLINGTON— Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2006: Michelle Shambo, Chittenden Bank, Middlebury, Addison County; Wendy Chenaille, Bank of Bennington, Bennington, Bennington County; Susan Laferriere, Union 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.

VHFA EXECUTIVE DIRECTOR RE-ELECTED TO BOARD OF DIRECTORS OF NATIONAL COUNCIL OF STATE HOUSING AGENCIES

BURLINGTON—Sarah Carpenter, Executive Director of Vermont Housing Finance Agency, has been re-elected to the Board of Directors of the National Council of State Housing Agencies (NCSHA). “I look forward to continuing to serve on NCSHA’s board for a second term,” Carpenter says. “The past two years have afforded me the chance to work with professionals involved in many aspects of housing from across the county. The challenges Vermont faces in growing its inventory of affordable housing is shared by many states. Yet this issue rarely gets the attention it deserves on the federal level.

VHFA EXECUTIVE DIRECTOR SARAH CARPENTER RECEIVES NATIONAL NEIGHBORWORKS® HONOR

BURLINGTON—Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter received an Honorable Mention in the 2006 NeighborWorks® Government Service Awards. Carpenter received the honor at a ceremony held at the NeighborWorks® Training Institute in Washington, D.C., on Aug. 14. Vermont State Senator and South Burlington City Council Chairman Jim Condos also received an Honorable Mention at the event. “I’m flattered by the mention and proud of VHFA’s accomplishments,” Carpenter says.

TOM CONNORS JOINS VHFA AS CHIEF FINANCIAL OFFICER; SCOTT BAKER PROMOTED TO INVESTMENT MANAGER

BURLINGTON—Executive Director Sarah Carpenter announced that Tom Connors of Underhill Center has joined VHFA as Chief Financial Officer. VHFA Senior Financial Analyst Scott Baker of Essex Junction has been promoted to Investment Manager. Connors was Vice President of Finance and Operations at Trak Sports USA Inc. in Burlington. He was responsible for the financial and operations activities of that $20 million ski and snowboard manufacturer and distributor since January 2005.

GOV. DOUGLAS HELPS VHFA LAUNCH NEW $10 MILLION MORTGAGE PROGRAM

BURLINGTON—Governor Jim Douglas joined with Vermont Housing Finance Agency today to announce VHFA’s new $10 million mortgage loan initiative to help consumers find affordable homeownership, and the Agency also rolled out two new insurance products being provided to VHFA borrowers by the Mortgage Guaranty Insurance Corporation (MGIC). The announcements were made at a press conference attended by the Governor, VHFA Executive Director Sarah Carpenter and MGIC Account Manager Jon Korpela. A detailed description of the new programs is attached.

VHFA LAUNCHES WEB SITE FOR VERMONT COALITION TO END HOMELESSNESS

BURLINGTON—Vermont Housing Finance Agency launched a Web site for the Vermont Coalition to End Homelessness (www.helpingtohouse.org). The site went live May 16.

VHFA ANNOUNCES NEW HOMEOWNERSHIP INCOME AND PURCHASE PRICE LIMITS

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 approved by VHFA’s Board of Commissioners. “VHFA is always working hard to respond to Vermont’s housing market and its constantly-growing prices,” explained Executive Director Sarah Carpenter.

NEW PARTICIPATING LENDER JOINS VHFA ROSTER

BURLINGTON, VT  River Valley Credit Union 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 River Valley Credit Union join the ranks of VHFA participating lenders,” said VHFA Executive Director Sarah Carpenter.

TWO NEW COMMISSIONERS JOIN VHFA BOARD

BURLINGTON, VT  Gov. Jim Douglas has appointed Bartlett H. “Bart” Frisbie of Colchester and Robert H. Alberts of Bridport to the VHFA Board of Commissioners. Frisbie and Alberts fill the two vacancies created when the Agency’s Board was expanded from seven members to nine, following the Legislature’s passage of H.521, which Gov. Douglas signed into law on June 23, 2005. “We believe a larger Board will benefit VHFA by providing an even broader range of experience and expertise,” says Executive Director Sarah Carpenter.

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