Primary home sales in January through June of 2013 are occuring at a 4 percent higher pace in Vermont, when compared to 2012, according to the recently updated Vermont Housing Data website. The median price statewide was $205,000 during the first six months of year, compared to $196,000 in 2012, a 5 percent increase.
VHFA’s celebrates Joe Erdelyi’s 20th anniversary
When Joe Erdelyi first walked through VHFA’s doors as an intern from the University of Vermont, he had little inkling that he would ultimately become such an integral part of affordable rental housing development in Vermont. Erdelyi, VHFA’s Development Director, has spent the past twenty years helping non-profit and for-profit developers around the state build and renovate much needed rental housing by overseeing the allocation of housing
Profile of current Housing Credit residents
A recent study of current residents of housing financed through federal and state Housing Credits shows deep income targeting, where residents earn an average of 33 percent of the area’s median income. This is far below the income levels the program is designed to serve, which is typically those earning 50 or 60% of the area’s median.