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Press Releases

MACARTHUR FOUNDATION AWARDS $2.6 MILLION TO VERMONT HOUSING INITIATIVES FOR ENERGY EFFICIENCY AND RENTAL PRESERVATION

MONTPELIER—Thousands of Vermonters who live in affordable rental housing will be able to keep that housing, thanks to a $2.6 million investment by the John D. and Catherine T. MacArthur Foundation. Vermont’s longstanding commitment to the preservation of rental housing was recognized by the investment of grants and loans by the foundation, which will be used in conjunction with other private and public investment to preserve thousands of apartments over the next decade.

MICHELLE PACKARD HIRED AS FINANCIAL ANALYST

BURLINGTON—Executive Director Sarah Carpenter announced that Michelle Packard of Burlington has joined Vermont Housing Finance Agency (VHFA) as Financial Analyst. Packard has been working in the Agency’s Homeownership Department on a temporary basis for two months. Before that she spent nearly two decades as Treasurer for Summit Financial Center, a Burlington mortgage company. “We’re pleased to welcome Michelle as a full-time employee,” says Carpenter.

NEW FEDERAL HOUSING BILL HAS MANY BENEFITS FOR VERMONTERS

BURLINGTON—New federal housing legislation signed into law by President Bush this morning is a major step forward for Vermonters and the nation, according to VHFA Executive Director Sarah Carpenter, but the work isn’t finished yet. “The provisions to help homeowners in trouble and to stabilize Fannie Mae and Freddie Mac got a lot of attention recently,” Carpenter said, “but the benefits of this legislation reach much farther. A new housing trust fund is created by this bill, and the federal government has given housing finance agencies more resources to support affordable housing.

VHFA HONORS TOP MORTGAGE LOAN ORIGINATORS, LENDING INSTITUTIONS FOR FY2008

BURLINGTON—Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2008: Julie Heffernan, National Bank of Middlebury, Addison County, Middlebury; Debbie Corey, Chittenden Bank, Bennington County, Bennington; Susan Laferriere, Union Bank, Caledonia/Essex counties, St. Johnsbury; Sarah Britton Cote, New England Federal Credit Union, Chittenden/Grand Isle counties, Williston; Carol McKinney, New England Federal Credit Union, Franklin County, St.

CRAIG BAILEY ATTENDS “AN EVENT APART” WEB DESIGNERS CONFERENCE

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Communications Coordinator Craig Bailey attended “An Event Apart” (AEA), a two-day conference for Web designers, held June 23-24 at the Marriott Copley Place in Boston, Mass. Speakers at the event included AEA co-founders Jeffrey Zeldman and Eric Meyer, and a dozen other Web professionals.

PELLETIER JOINS VHFA BOARD OF COMMISSIONERS

BURLINGTON, VT  Gov. Jim Douglas has appointed Thomas N. Pelletier of Montpelier to the VHFA Board of Commissioners. “Tom’s been a highly-respected member of Vermont’s lending community for a decade,” says Executive Director Sarah Carpenter. “We’re all looking forward to the energy and fresh perspective he’ll bring to our Board.” Pelletier has been President and Chief Executive Officer of Northfield Savings Bank in Northfield since 1998. He serves as a Director of the Vermont Chamber of Commerce, Public Television of Vermont, Norwich University Applied Research Institutes, Ltd.

VERMONT NAMED FINALIST IN EXPANSION OF MACARTHUR FOUNDATION HOUSING INITIATIVE; NEW REPORT DETAILS EFFECTS OF FORECLOSURE CRISIS ON RENTAL MARKET

Montpelier—The John D. and Catherine T. MacArthur Foundation has selected a proposal by the Vermont Housing and Conservation Board and the Vermont Housing Finance Agency to compete for up to $5 million in new funding to support state rental housing preservation efforts. The Vermont agencies would use the funding to restructure financing, increase energy efficiency, and provide support services to frail elders and formerly homeless individuals. The funds would be targeted to preserve more than 8,000 private and non-profit owned rental apartments in 123 towns over the next ten years.

SLADE, PHILBRICK RECEIVE TAX CREDIT SPECIALIST CERTIFICATION

BURLINGTON—Executive Director Sarah Carpenter announced that Multifamily Operations Specialists Erin Philbrick and Joshua Slade were certified Tax Credit Specialists by the National Center for Housing Management (NCHM). The certification is the result of three days of training and exams held in Boston last month. Tax Credit Specialists exhibit a high level of knowledge of the federal Low Income Housing Tax Credit (LIHTC) program, which creates and preserves affordable rental housing for lower-income households.

MARTHA PANTON HIRED AS HUMAN RESOURCES/OFFICE MANAGER

BURLINGTON—Executive Director Sarah Carpenter announced that Martha Panton, PHR, of Vergennes has joined VHFA as Human Resources/Office Manager. Panton was most recently Human Resources Project Coordinator at HallerLee Human Resources Consulting LLC in Burlington. Before that she served as Human Resources Administrator at 4 Seasons Garden Center in Williston. She was recently certified a Professional in Human Resources (PHR) by the Human Resource Certification Institute (HRCI), the credentialing affiliate of the Society for Human Resource Management (SHRM) in Alexandria, Virginia.

CARPENTER RECEIVES LEAHY LEADERSHIP AWARD

BURLINGTON— Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter has received the Leahy Leadership Award. The award, established in 1998, recognizes outstanding efforts of individuals to alleviate homelessness in Vermont. U.S. Sen. Patrick Leahy and Committee on Temporary Shelter (COTS) Executive Director Rita Markley presented the honor at the COTS Annual Meeting on Oct. 9 in Burlington. Carpenter received the award for her leadership in the area of affordable housing, and in particular for her many efforts to fight homelessness.

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