Faced with increasing numbers of low-income renters who lack affordable housing, VHFA and our counterparts from other states are working together to support a bill developed by Washington State Senator Maria Cantwell. The bill calls for a substantial expansion of the federal Low-Income Housing Tax Credit—the primary financing mechanism for affordable rental housing for the last 30 years.
Paul Dettman retires after decades of devoted service at Burlington Housing Authority
Paul Dettman will retire this week as Burlington Housing Authority’s (BHA) Executive Director, a post he held for the past 20 years. With Dettman at the helm, the Burlington Housing Authority’s role has grown to managing over 600 affordable apartments and providing rental assistance to 1,700 low-income Chittenden County residents. In addition, Dettman partnered with VHFA to preserve the affordability of many area apartments when original federal contracts from the 1970s and 1980s expired and presented owners with opportunities to sell the buildings and change their use. The most recent properties to benefit from Dettman’s effective preservation strategies are Burlington’s Bobbin Mill and Wharf Lane apartment buildings.
Need an affordable apartment?
Need an affordable apartment or know someone who does? There are vacancies in 20 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.
New tools help real estate professionals appraise energy-efficient, high performance homes
The Vermont Green Home Alliance has completed the guide Appraised Value and Energy Efficiency: Getting It Right for building design professionals, builders, home performance contractors, appraisers, lenders, and real estate agents. This guide is intended to help professionals prepare for the increasing level of high performance new home construction and existing home energy efficiency improvement happening in Vermont.