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Posted by: Leslie Black-Plumeau on October 27, 2016 - 4:22pm

In addition to construction jobs, the proposed Burlington Town Center plans include creation of 55 new units of affordable housing and 219 market rate homes.  Housing advocates and community leaders joined Burlington Mayor Weinberger today in City Hall Park to discuss ways in which the proposed Town Center would help address the needs of the region’s residents for more affordable homes located near jobs and services. 

Among every 3 Chittenden County renter households, 1 spends more than half of their income for housing.  This creates unsustainable financial pressure and housing instability for struggling, mostly low-income Vermonters.


Posted by: Leslie Black-Plumeau on October 24, 2016 - 12:08pm

In addition to other exciting new features, the Vermont Statewide Housing Conference on November 14-15 will be showcasing the most dedicated and innovative projects in our communities. "Projects" could be homeownership or rental housing developments, planning efforts, collaborations, initiatives, or other coordinated efforts. Conference attendees will learn about these projects from concept to reality via posters on display throughout the conference.

Learn more about how to submit your project on the conference website. There is no fee to submit a project but we will only be able to accept 30 submissions for display on a first-come, first-served basis. Two submissions per organization will be allowed.

Haven’t registered to attend this thought-provoking, essential conference yet?  Our on-line conference registration system is still open.  See you there!

Posted by: Leslie Black-Plumeau on October 23, 2016 - 1:34pm

Executive Director Sarah Carpenter joined Congressman Peter Welch, Addison County Community Trust (ACCT), Cathedral Square Corporation (CSC) and other partners yesterday to celebrate the opening of McKnight Lane, Vermont’s first net-zero energy affordable housing community. Formerly a blighted mobile home park, McKnight Lane  is a vibrant, new, affordable rental community featuring Vermods, modular,  high-efficiency homes manufactured in Wilder, Vermont. 

The new development was named to honor Terry McKnight, ACCT’s former Executive Director who died in November 2014 and had wanted for years to transform this mobile home park. Housing credits allocated by VHFA provided 58 percent of the funds needed to develop the 14 home neighborhood.  

"Nearly half of Addison County renters are burdened by their housing costs, paying more than a third of their incomes in rent and utilities. Not only is McKnight Lane affordable to low-income Vermonters, the net-zero homes with resilient battery systems ensure residents won't have to choose between purchasing groceries or paying their fuel bill to stay warm this winter. In particular, the addition of the battery systems through this important energy partnership means that McKnight Lane residents can rest assured knowing they are prepared to weather storms and outages for years to come," stated Elise Shanbacker, Executive Director of ACCT. 

Posted by: Leslie Black-Plumeau on October 19, 2016 - 2:43pm

As part of the Multifamily for Tomorrow Transformation, HUD’s Boston Satellite Office and the Northeast Region now have designated Grants Specialists overseeing HUD grant programs.  In order to get acquainted with their valued customers and address questions, HUD invites program participants in the New England states to a Huddle with Grantees.  The Huddle is designed for clients working with Resident Services Coordinator [RSC], Congregate Housing Services Program [CHSP], or Assisted Living Conversion Program [ALCP] grants, or for clients that have budget-funded RSCs. 

Budget-funded RSCs with policy questions or concerns are also welcome.  Applicants for the Social Services Demonstration grants are welcome to attend.  Note that Resident Services Coordinators in Public Housing have somewhat different program guidance, which will not be addressed at this training.  In addition to meeting Grant Specialists and field leadership in HUD, staff will provide guidance on important grant related topics to make attendees work with RSCs easier, current vouchering requirements, LOCCS access, how to increase RSC hours and funding, and report preparation.  

To register for in person attendance, in the Boston office, please send an email including your name, contact information, company, and the name of the HUD project(s) you service, and any grant-related questions you would like answered, and/or topics you’d like covered, to bos.grants@hud.gov, and  Michael.O.Patterson@hud.gov.  Space is limited, so please reserve your place as soon as possible.  Nearest Parking: 31 Lancaster St, or 600 Commercial St., or you could park at a T stop in Riverside, or Alewife, and take the T in. 

If you plan to participate via conference call, please send an email including your name, contact information, company, and the name of the HUD project(s) you service, and any grant-related questions you would like answered, and/or topics covered, to bos.grants@hud.gov,  and Michael.O.Patterson@hud.gov.  

Daniel.A.Allen@hud.gov covers Multifamily Housing grants RSC, ALCP, and CHSP for Massachusetts, and the Northern New England States.  Amy.Veilleux@hud.gov cover Multifamily Housing grants RSC, ALCP, and CHSP for Connecticut and Rhode Island. Please continue to refer immediate grant-related issues to them.  Regular paperwork for grants continues to go to bos.grants@hud.gov

Posted by: Leslie Black-Plumeau on October 19, 2016 - 9:31am

VHFA's Executive Director Sarah Carpenter announced today that interested parties are invited to submit comments on how housing tax credits are allocated.  Housing tax credits are Vermont’s primary funding source for developing affordable rental housing.  The comments will be considered during this year’s upcoming revisions to Vermont’s Qualified Allocation Plan (QAP).  As administrator of the housing tax credit program, VHFA allocates credits to specific projects in accordance with identified State needs and Federal requirements outlined in the Vermont QAP. Vermont’s inter-agency Joint Committee on Tax Credits reviews allocation policies and process and makes recommendations on the QAP to VHFA’s Board of Commissioners. Using the QAP as a guide for prioritizing applications, the VHFA Board of Commissioners awards tax credits each year for specific rental housing development projects.

This series of graphs and tables is available to help commenters develop an understanding of the needs of different types of Vermont household for affordable rental housing.

Housing credits offer investors a multi-year tax credit in return for upfront equity that is used in turn to construct or rehabilitate rental housing.  Rental housing developed with funds raised from housing credits must be affordable and occupied by low income households.  VHFA monitors all housing developed through housing credits to ensure compliance with federal and state requirements.

Studies have long shown that the need for affordable rental housing across Vermont far outweighs the availability of funds to meet this need. For this reason, the prioritization assigned to various types of projects as stipulated by the QAP is extremely important. Interested parties are encouraged to review the existing QAP and submit comments about any changes needed to ensure that competing applications are prioritized in the way that best serves Vermonters’ most pressing needs.  Comments should be submitted to Joseph Erdelyi, VHFA’s Development Director, by November 1, 2016.