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Press Releases

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 5.45 percent. The new low rate is expected to help more Vermonters realize their dream of homeownership. The new rate became effective yesterday. “When market conditions permit, we always take the opportunity to lower rates,” VHFA Executive Director Sarah Carpenter, “but those conditions change constantly, so we can never predict how long any rate will last.

VHFA ANNOUNCES NEW HOMEOWNERSHIP INCOME AND PURCHASE PRICE LIMITS

BURLINGTON—More Vermonters are able to take part in Vermont Housing Finance Agency's low-interest mortgage programs now that VHFA’s Board of Commissioners has approved new income and purchase price limits. “VHFA is constantly working to give Vermonters more options when it comes to purchasing homes,” according to Executive Director Sarah Carpenter. “These changes reflect those efforts, as well as the perpetually rising housing costs in Vermont. “With the new limits, many more Vermonters and Vermont properties have become eligible for VHFA financing.

QUEEN CITY HOUSING COSTS 35% HIGHER THAN NATIONAL AVERAGE

BURLINGTON—Vermont’s Queen City area might be one of the most livable in America, but it’s also an increasingly expensive one, especially for housing. New figures from ACCRA, a community and economic development research association, released today by the Lake Champlain Chamber of Commerce and Vermont Housing Finance Agency, show that the cost-of-living in the Burlington area — Burlington, South Burlington, Winooski and Colchester — for the third quarter of 2004 was more than 17 percent above the national average.

VHFA HONORS TOP MORTGAGE LOAN ORIGINATORS

BURLINGTON—Vermont Housing Finance Agency announced its top mortgage loan originators for 2004.

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

BURLINGTON—Sarah Carpenter, Executive Director of Vermont Housing Finance Agency, has been elected to serve on the Board of Directors of the National Council of State Housing Agencies (NCSHA). “I’m really excited about the chance to serve on NCSHA’s board,” Carpenter said. “It’s a great opportunity to help shape the agenda for our national association, and through that, to help influence housing policy nation-wide. Our experience here in Vermont gives me a lot of ideas to bring to the table.

VERMONT HOUSING FINANCE AGENCY HIRES OUTREACH COORDINATOR

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Brandiann Russin as Outreach Coordinator. Russin is the primary outreach and marketing representative for VHFA’s Homeownership Department. She promotes VHFA’s homeownership programs in Vermont through training and marketing with mortgage lenders, real estate professionals, homebuilder organizations, non-profit organizations and consumers. Before joining VHFA, Russin worked in accounts payable as an Office Assistant at MorrisSwitzer Environments for Health in Williston.

VERMONT HOUSING FINANCE AGENCY HIRES CHIEF FINANCIAL OFFICER

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Gary P. Marini, CPA, as Chief Financial Officer (CFO). Marini joins the team of three executive managers at the Agency. He is responsible for the direction, management, and oversight of the financial, fiscal accounting and investment areas of VHFA.

VERMONT HOUSING FINANCE AGENCY HIRES ADMINISTRATIVE ASSISTANT

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Kathy Cawley of Colchester as Administrative Assistant. Cawley provides administrative support for the Homeownership Department and fields calls from consumers, real estate professionals, lenders, and other individuals inquiring about VHFA homeownership programs. Before joining VHFA, Cawley spent a year as Office Manager at Mortgage Guaranteed Insurance in Burlington. She previously spent several years in the credit department of Burton Snowboards in Burlington.

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 5.80 percent. The new low rate is expected to help more Vermonters realize their dream of homeownership. The new rate becomes 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.

VERMONT HOUSING FINANCE AGENCY CELEBRATES 30 YEARS OF SUPPORTING AFFORDABLE HOUSING

BURLINGTON — Vermont Housing Finance Agency celebrates 30 years of financing safe, decent and affordable housing for low- and moderate-income Vermonters this week. Vermont Governor Jim Douglas, himself a former VHFA customer and a former member of its Board of Commissioners, praised the Agency for its commitment to providing affordable housing at a ceremony in the Statehouse Monday and issued a proclamation congratulating the Agency on its work. “Vermont has a serious shortage of affordable housing,” Gov.

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