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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.

VERMONT HOUSING FINANCE AGENCY ANNOUNCES CHANGES TO BOARD OF COMMISSIONERS

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today changes to the Agency's Board of Commissioners: New to the Board are John Hall, Vermont Commissioner of Housing and Community Affairs; Paul Beaulieu, Executive Vice President and Chief Operating Officer, Factory Point National Bank; and Jeb Spaulding, Vermont State Treasurer. Hall is a native Vermonter and business owner whose public involvement dates back to 1976. He served in the Vermont House from 1993 to 1996 and chaired the House Education Committee from 1995 to 1996.

FOR IMMEDIATE RELEASE June 4, 2001

BURLINGTON – To celebrate Homeownership Week, Vermont Housing Finance Agency is giving a boost to homeownership across Vermont. VHFA Executive Director Sarah Carpenter announced today that VHFA has increased income and purchase price limits for its homeownership programs in most areas of the state. In addition, VHFA is introducing a special rate option to help home buyers with cash for down payment and closing costs, often major obstacles faced when buying a home.

NEW VHFA BOND DEAL WILL FINANCE HUNDREDS OF VERMONT HOME PURCHASES

BURLINGTON—Vermont Housing Finance Agency has taken two big steps towards helping more Vermonters own their own homes. VHFA today announced the completion of an $81.4 million single-family bond sale and the approval of higher income and purchase-price limits for borrowers. The bond sale provides more than $50 million in low-interest mortgages to finance between 600 and 700 home purchases over the next nine months. About $30 million of the new bond revenue will be used to refund VHFA bonds issued in 1989.

VERMONT HOUSING FINANCE AGENCY HIRES ADMINISTRATIVE ASSISTANT

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Renee Couture of Burlington as Administrative Assistant. Couture provides administrative support to the agency's executive management staff and legal counsel, and provides backup support to the front office. Before joining VHFA, Couture spent more than four years at IDX Systems Corp. in South Burlington, most recently as Senior Software Analyst.

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