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VHFA News

Posted by: Leslie Black-Plumeau on December 22, 2016 - 1:34pm

Since it was signed into law as part of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (Housing Credit) has become our nation’s most successful tool for building and preserving affordable rental housing.  By providing an incentive for private sector investment, the Housing Credit has financed nearly 3 million apartments across the country for low-income workers, families, seniors, veterans, and those with special needs.  It creates opportunities for the millions of families and individuals in our country today who otherwise would pay an excessive portion of their income for housing, live in substandard and overcrowded conditions, or face homelessness. 

The affordable housing provided by the Housing Credit has an immeasurable impact on the lives of those who live in it, and arguably results in numerous indirect cost savings for federal, state, and local governments.  That’s because housing stability leads to better health outcomes, improves children’s school performance, helps people gain employment, and promotes economic mobility.

Key to the Housing Credit’s success and its wide bipartisan support is its unique design:

  • A Model Public-Private Partnership with Investors Assuming the Risk.
  • State Administered with Limited Federal Bureaucracy. 
  • An Important Contributor to Our Nation’s Economic Wellbeing. 
  • A Critical Part of Our Nation’s Infrastructure. 
  • A Record of Exceptional Performance. 
  • Meeting a Need the Private Sector Could Not Otherwise Address.           
  • Successfully Serving the Hardest-to-Reach Populations. 

Each year, federal and state housing and bond credits generate about three-quarters of the funds used to create more affordable housing in Vermont.  The average Vermont resident living in apartments developed through credits has an annual income of about $18,000.  About half of these households are non-seniors who are not disabled.  Seventy-seven percent of these “workforce” households are working and earning their income. 

Although about 7,400 Vermont households live in apartments created by credits, thousands more are in need of decent, safe apartments they can afford. 

Read more about Vermont’s current housing credit residents or about the housing credit’s national impact

Posted by: Leslie Black-Plumeau on December 21, 2016 - 10:15am

Please join us at the State House in Montpelier on January 5 to renew Vermont's commitment to ending homelessness.  The day will include time to meet with lawmakers and experts to discuss effective strategies Vermont could use to conquer remaining challenges in ending homelessness. A vigil will also be held to remember those who have died without homes and the hundreds of Vermonters still searching for safe, secure housing they can afford.  

The Vermont Affordable Housing Coalition is co-sponsoring this event with the Vermont Coalition to End Homelessness. 

Agenda

  • Legislative Awareness Day, Card Room: 7:30 AM-2 PM
  • Recognition of Homeless Service Providers and Advocates, House Gallery: 9:30 AM
  • Memorial Vigil, State House Steps: Noon

 

 

 

 

Posted by: Leslie Black-Plumeau on December 16, 2016 - 3:54pm

With the outdoor temperature near zero, VHFA’s Steve Gronlund headed out this afternoon to deliver candy-stuffed gloves, mittens and hats for at least 100 kids to the King Street Center. The Edlund Company partnered with VHFA this year to collect gear donations from staff and friends.

The mitten drive is a much-loved annual tradition that is part of VHFA’s year-long schedule of charitable activities. 

 

 

 

 

 

 

Posted by: Leslie Black-Plumeau on December 15, 2016 - 3:13pm

From VT. Dept. for Children and Families: 

As you are no doubt aware, there are extreme wind chills forecasted for tonight, tomorrow, and tomorrow night. During instances like this, we all worry about the warmth and safety of vulnerable Vermonters.
 
As you know, across the state there are individuals currently under a period of ineligibility and who consequently cannot access emergency housing through the General & Emergency Assistance Program. This period of ineligibility is set in rule and applies to people in a variety of circumstances. Because of the extreme weather conditions we anticipate developing and because of concerns that most shelters will be at capacity, DCF is relaxing the Period of Ineligibility for tonight and tomorrow night (12/15 and 12/16). If there are Vermonters under a period of ineligibility who have no other place to stay, they can appear at their local ESD District Office today or call VT 2-1-1 after hours to be housed during this short duration.
 
Please note that the exception to this decision pertains to individuals currently ineligible due to either violent or destructive behavior; clients in those categories are still subject to the Period of Ineligibility.
 
Please do not hesitate to reach out to us if you have any questions or concerns regarding the above, or if there are specific individuals or situations you wish to discuss. Thank you for all you do to help Vermonters every day.
  
Geoffrey T. Pippenger
General and Emergency Assistance Program Director
Economic Services Division
Department for Children & Families
cell: 802-798-2154
desk: 802-241-0637

Posted by: Will White on December 7, 2016 - 12:50pm

Need an affordable apartment or know someone who does?  There are vacancies in 28 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing. Find out more about particular units by visiting the vacancy profiles on line.

Property Total Units Address City/town
Algiers Family Housing 17 71 & 91 Guildford Center Road Guilford
Birge & Worden Housing 17 804 Western Avenue and 68 Birge Street Brattleboro
Canal & Main 24 9 Canal Street Brattleboro
Clark/Canal Street 12 44, 48 & 52 Clark Street and 63 Canal Street Brattleboro
Clarks Landing 9 25 Clarks Landing Groton
Crystal Lake Housing 15 117 High Street; 109 Water Street and 35 Main Street Barton
Darling Inn 28 76 Depot Street Lyndon
Derby Line Gardens 11 197 Main Street Derby Line
Gilman Senior Housing 10 29 & 31 Jefferson Avenue Concord
Glover Senior Housing 12 23 Dexter Mountain Road Glover
Governors Mansion Apartments 15 88 Second Street Newport City
Groton Community Housing 18 168 Powder Spring Road; 1334 Scott Highway; 1352 Scott Highway and 1579 Scott Highway Groton
Highgate Apartments 120 73 Highgate Drive Barre City
Hilltop Family Housing 24 426 Summer St, 606 Summer St, 20 Cote Court, 390 Portland St St. Johnsbury
Lakebridge 21 343 Main Street, 48 Pleasant Street and 14, 26 & 50 Compass Drive Newport
Lakeview Housing 16 16 Governor Drive, 36 Field Avenue and 236 Highland Avenue Newport
Laterre House 7 24 East Main Street Wilmington
Marigold Apartments 6 141 Church Street Lyndonville
Moose River Housing 28 159, 195, 231 & 261 Moose River Drive St. Johnsbury
Mountain View St. Jay Housing 48 105, 106, 178 & 196 Mountain View Drive St. Johnsbury
Newport Senior Housing 13 107 & 119 Main Street Newport
Passumpsic View Apartments 25 394 Railroad Street St. Johnsbury
Pine Meadow Apartments 30 9, 11, 39, 57, 85, 87, 89, 91, 93, 127 & 157 Jackson Lane Middlebury
Rainbow Apartments 20 25 Church Street Orleans
Red Maple - South Street Duplex 2 54 South Street Springfield
Riverview Apartments 57 73 Westminster Street Bellows Falls
The Meadows 10 4568 VT Route 14 Irasburg
Western Avenue Apartments 13 925, 929 & 935 Western Avenue Brattleboro

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