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Press Releases

VHFA ANNOUNCES LOWEST MORTGAGE INTEREST RATES IN ITS HISTORY

BURLINGTON— Vermont Housing Finance Agency has announced a new low mortgage interest rate — 5.95% 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 became effective August 19th. “We are very happy to be able to offer this new, low rate to Vermont homebuyers,” said VHFA Executive Director Sarah Carpenter.

VHFA OFFERS RECORD-LOW INTEREST RATE

BURLINGTON — Vermont Housing Finance Agency now offers the lowest mortgage interest rate in its history. The agency now offers qualified borrowers 30-year, zero point mortgage loans with a fixed interest rate of just 6.25 percent. "We're pleased to be able to offer the lowest home mortgage rates in VHFA's 28-year history," says Executive Director Sarah Carpenter. "Combined with recent adjustments in our income and purchase price limits, the new rates will help more Vermonters realize their dreams of becoming homeowners." The new rate became effective June 4th.

VERMONT HOUSING FINANCE AGENCY HIRES OFFICE MANAGER

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced the hiring of Rebecca A. Lane of Sheldon as Office Manager. Lane assists the Director of Administration with human resource functions of the agency, including administration of employee benefits, payroll and hiring. She oversees the administrative staff for the administration and finance divisions; provides high-level administrative support to the Executive Director and the Director of Administration; and coordinates communications with the Board of Commissioners.

VERMONT HOUSING FINANCE AGENCY STAFF MEMBERS ATTEND TEXAS SEMINAR

BURLINGTON, VT  Four employees of Vermont Housing Finance Agency (VHFA) in Burlington attended two days of presentations and training in March. Financial Analyst Lisa Clark, Information Systems Manager Rick Jean, Multifamily Operations Specialist Nina McDonnell, and Applications Specialist/Analyst Sherri Mullin attended the Mitas Seminar 2002, presented by The Mitas Group Inc. of McKinney, Texas. The group received product overviews from the company and presentations on future product innovations including Web applications, remote access changes, and new mapping software initiatives.

VERMONT HOUSING FINANCE AGENCY EXECUTIVE DIRECTOR SPEAKS AT NATIONAL CONFERENCE

BURLINGTON, VT  VHFA Executive Director Sarah Carpenter attended the Standard & Poor's Housing Finance 2002 conference. The twoday event, titled "Revitalizing Communities with Creative Finance," was held at the Hyatt Regency Hill Country in San Antonio, Texas, Feb. 10-12. Carpenter participated in a panel discussion titled "Charting Capital Adequacy in Times of Change." The track dealt with the benefits of capital adequacy analysis, how housing finance agencies can build relevant capital adequacy models, and what investors want to know.

VHFA AWARDS AFFORDABLE HOUSING TAX CREDITS TO FUND 100 UNITS

BURLINGTON, VT ― One hundred new affordable housing units will be created in four Vermont cities and towns with the help of more than $1 million in federal Housing Tax Credits awarded by Vermont Housing Finance Agency on Thursday. "These tax credits are one way VHFA is helping get much-needed affordable housing built in Vermont," according to Executive Director Sarah Carpenter. "Tax credits have been a very useful tool in our efforts to reduce our state's severe housing crunch.

VHFA COMPLETES LARGEST MULTIFAMILY BOND ISSUE FOR NEW PROJECTS IN ITS HISTORY

BURLINGTON — On Jan. 17, Vermont Housing Finance Agency (VHFA) completed a bond sale worth approximately $22.6 million. The sale is the largest project-related multifamily offering in the agency's 27-year history. The issue consisted of $10,290,000 in short-term general obligation notes and $12,335,000 in multifamily mortgage bonds. The money will fund the creation or rehabilitation of 321 affordable rental units in four Vermont counties. VHFA will use the revenue from the bonds and notes to provide six affordable housing projects in Vermont with construction loans and permanent loans.

VHFA ANNOUNCES AFFORDABLE HOUSING TAX CREDIT AWARDS

BURLINGTON, VT ― Nearly 200 new affordable housing units will be created in five Vermont communities over the next two years with the help of more than $1 million in federal and state Housing Tax Credits awarded by Vermont Housing Finance Agency. “This is part of VHFA’s long-standing commitment to developing greatly-needed affordable housing in Vermont,” said Executive Director Sarah Carpenter.

NEW MEMBER JOINS VHFA BOARD OF COMMISSIONERS

BURLINGTON, VT ¾ Gov. Howard Dean appointed Karen Moran Lafayette to the Board of Commissioners of Vermont Housing Finance Agency (VHFA) in Burlington. Lafayette served in the Vermont House of Representatives from 1993 to 2000 as a representative from Burlington; Clerk of the House Ways and Means, tax writing committee; and, most recently, as Chair of the Joint House and Senate Committee on Affordable Housing. "I’m very pleased to have been appointed to the VHFA Board of Commissioners.

VHFA HIRES PUBLIC AFFAIRS MANAGER, ADDS COMMUNICATIONS COORDINATOR

BURLINGTON, VT ¾ Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced John Fairbanks has been hired as Public Affairs Manager, a senior management position, and Craig Bailey has been promoted to Communications Coordinator. Fairbanks is responsible for coordination of Agency marketing initiatives and oversight of public relations and distribution of information. He also will work on state and federal legislative matters related to affordable housing.

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