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Ribbon cutting-Ground Breaking

Windy Hollow co-op purchases mobile home community with help from VHFA

Residents of Windy Hollow Cooperative in Castleton are celebrating the successful purchase of their mobile home park, which was assisted by Vermont Housing Finance Agency. The creation of the housing co-op will help retain affordable homes for 44 households.

Allard Square construction is underway

dave adams poses in hardhat at groundbreaking

Cathedral Square Corporation, affordable housing partners and South Burlington officials came together this week to celebrate the start of construction of Allard Square.

The 39-unit apartment building is expected to be open to residents this time next year, with rents for the majority of units being well below market rate.

Applegate affordable apartments revamped for sustainability

Applgate apartment ribbon cutting

Plans were made over two years ago to make renovations to Applegate Apartments, located in Bennington, VT. It's one of Vermont's largest affordable housing developments and threatened by rising fuel costs before improvements were made. The complex paid $175,000 a year on fuel costs, which required rent to rise, and owners were worried that tenants would not be able to keep up.

Elm Place ribbon cutting

Governor Phil Scott joined by Executive Director Sarah Carpenter and others on June 5, cut the ribbon on the newly-constructed, 28,000 square foot Elm Place, an affordable residence for seniors, located in Milton.

Red Clover Commons ribbon cutting

Executive Director Sarah Carpenter joined Brattleboro Housing Partnerships and other agencies in Brattleboro, on May 25, 2017 to celebrate the opening of Red Clover Commons, a newly constructed 55-unit building for seniors and people with disabilities. These homes are intended to  replace units at Melrose Place which were severely damaged from Tropical Storm Irene in August 2011.

Bradley House renovations celebrated in Brattleboro

VHFA supported the renovation and expansion of Bradley House in Brattleboro with the commitment of a $3.1 million construction loan and its staff was gratified to attended the project's ribbon-cutting ceremony Monday.

Burlington celebrates opening of apartments and Daystation for Vermonters facing homelessness

Governor Phil Scott joined Congressman Peter Welch, Burlington Mayor Miro Weinberger and many other supporters to celebrate the opening of 14 new apartments for people facing homelessness and a newly rebuilt Daystation and Housing Resource Center.  The Committee on Temporary Shelter (COTS) will oversee the apartments and operate the Daystation and Housing Resource Center, all of which are located at 95 North Avenue in Burlington’s Old North End neighborhood.

Applications for federal and state housing credits due February 10

Applications for the 2017 round of federal capped (9%) Low-Income Housing Tax Credits and Vermont State Housing Credits are due to VHFA by Friday, February 10, 2017Housing credits are the largest source of funding in Vermont for building and renovating affordable rental housing. 

Bennington celebrates rehabilitation of historic buildings through affordable housing

Community leaders and housing partners came together last week to celebrate the completion of renovations to historic buildings in downtown Bennington.  Developed and managed by Shires Housing, the buildings include 26 affordable apartments for low-income residents of all ages.  

Twenty-three affordable apartments constructed in Hinesburg

Champlain Housing Trust opened a new apartment complex last week in Hinesburg constructed by Snyder Homes. The 23-unit complex includes 1, 2 and 3 bedroom units with rents ranging from $800 to $1,200 per month.

Federal and state housing tax credits allocated by VHFA provided 64% of the funding needed for the project's development. Additional partners included Vermont Housing Conservation Board, Vermont Community Development Program, the federal HOME program and Housing Vermont.

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