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VERMONT HOUSING FINANCE AGENCY HIRES MULTIFAMILY DEVELOPMENT UNDERWRITER

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Eliza Smith-Vedder as Multifamily Development Underwriter. Smith-Vedder analyzes prospective multifamily housing and single-family development loans being considered for VHFA financing. She’s responsible for underwriting of Housing Credit applications and assists VHFA’s Senior Development Officer with the administration of the Housing Credit program.

VHFA DROPS HOME MORTGAGE LOAN INTEREST RATES

BURLINGTON— Vermont Housing Finance Agency (VHFA) has announced a new low mortgage interest rate — 5.30% for a 30-year, fixed rate loan with no points for qualified borrowers. The new low rate is expected to help more Vermonters realize their dream of homeownership. The new rate becomes effective today. “VHFA is always working to give Vermonters the most value for their dollar,” said VHFA Executive Director Sarah Carpenter. “Market conditions fluctuate, so we can’t say how long we’ll be at 5.30%.

VHFA ANNOUNCES NEW HOMEOWNERSHIP INCOME AND PURCHASE PRICE LIMITS

BURLINGTON, VT — More Vermonters are able to take part in Vermont Housing Finance Agency's lowinterest 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 and more value when it comes to purchasing homes,” according to Executive Director Sarah Carpenter. “These changes reflect those efforts. “With the new limits, many more Vermonters and Vermont properties have become eligible for VHFA financing.

LOLLER EARNS PROFESSIONAL IN HUMAN RESOURCES CERTIFICATION

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Director of Administration Patricia Loller 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 administered Dec. 6 in South Burlington. Loller joined VHFA in 1998 as Director of Information Systems. She was promoted to her current position in March 1999.

VERMONT HOUSING FINANCE AGENCY HIRES ADMINISTRATIVE ASSISTANT

BURLINGTON, VT æ Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Sylvia White as Administrative Assistant. White staffs VHFA's reception area, is responsible for office supplies, flexible benefits, and tracking of employees’ combined time off (CTO). She also provides administrative support to all departments at the Agency. Before joining VHFA, she worked for Adelphia/Prestige Cable Television in Fredericksburg, Virginia, for nearly 20 years.

VHFA AWARDS $1.1 MILLION IN TAX CREDITS TO AFFORDABLE HOUSING DEVELOPMENTS IN FOUR COMMUNITIES

BURLINGTON, VT — Affordable housing will be created in four Vermont communities with the help of $1.1 million in federal and state Housing Tax Credits awarded by Vermont Housing Finance Agency. "Tax credits are one of the most significant tools we have in creating and preserving affordable rental housing. Unfortunately, demand for these credits routinely exceeds supply," said Executive Director Sarah Carpenter. "The shortage of high quality affordable housing continues to be a problem for most Vermont communities and for the Vermont economy.

CURLEY RECEIVES CERTIFIED OCCUPANCY SPECIALIST DESIGNATION

BURLINGTON—The National Center for Housing Management awarded VHFA Tax Credit Compliance Specialist Kathy Curley the Certified Occupancy Specialist (COS) designation. The COS designation indicates mastery of occupancy requirements of subsidized multifamily housing programs. Curley received the honor following completion of a three-day course and an exam on the newly revised U.S. Department of Housing & Urban Development Handbook 4350.3. Curley joined VHFA in November 2000 as an Administrative Assistant. She was promoted to her current position in November 2002.

VHFA DROPS HOME MORTGAGE LOAN INTEREST RATES TO ALL TIME LOW

BURLINGTON— Vermont Housing Finance Agency (VHFA) has again announced a new low mortgage interest rate — 5.35% for a 30-year, fixed rate loan with no points for qualified borrowers — which is the lowest rate ever offered by the Agency. The new rate becomes effective today. “VHFA is always working to give Vermonters the most value for their dollar, and our new rate means the dream of homeownership is within the reach of more people,” said VHFA Executive Director Sarah Carpenter. “Market conditions change all the time, so we can’t say how long we’ll be at 5.35%.

VHFA AWARDS TAX CREDITS TO AFFORDABLE HOUSING DEVELOPMENTS IN SIX COMMUNITIES

BURLINGTON, VT — Affordable housing will be created or preserved in six Vermont communities with the help of $1.2 million in federal and state Housing Tax Credits awarded by Vermont Housing Finance Agency. "Tax credits are one of the most significant tools we have in creating and preserving affordable rental housing. Unfortunately, demand for these credits routinely exceeds supply," said Executive Director Sarah Carpenter. "The shortage of high quality affordable housing continues to be a problem for most Vermont communities and for the Vermont economy.

VHFA ADJUSTS HOMEOWNERSHIP INCOME AND PURCHASE PRICE LIMITS

BURLINGTON, VT ― More Vermonters are able to take part in Vermont Housing Finance Agency's low-interest mortgage programs now that VHFA has adjusted its income and purchase price limits. "These are some of the largest increases we've made in income and purchase price limits," says Executive Director Sarah Carpenter. "The new numbers mean many more Vermonters fall within VHFA's eligibility requirements, and many more homes are now eligible for VHFA financing. "Still, Vermont's in the midst of a severe housing shortage.

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