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Posted by: Victoria Johnson on June 9, 2017 - 12:42pm

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.

Elm Place is considered a “passive house” due to its impressive energy savings. Some of these savings come from its cold climate air source heat pumps, a rooftop solar array and LED lighting. A few of Elm Place amenities include an elevator, exercise room, on-site storage, kitchen, lounge, laundry facilities, covered parking and an outdoor courtyard, including garden beds for resident use.

Demand for the units is high. All 30 units were leased within three weeks of opening. The project will offer support for residents through the Support and Services at Home program (SASH).

Cathedral Square, developer and manager led the $8.4 million construction of Elm Place. As a result of VHFA allocated housing tax credits, Peoples United Bank provided over $6.3 million for development costs. Other funding sources include Vermont Community Development Program, Vermont Housing and Conservation Board, HOME Investment Partnership, The Harry & Jeanette Weinberg Foundation, Efficiency Vermont, TD Charitable Foundation, Commons Energy, Enterprise, Housing Assistance Council, VHCB Feasibility, VCDP Planning and Vermont Gas. 




Posted by: lori on June 6, 2017 - 2:54pm

Executive Director Sarah Carpenter announced Kim Roy has been promoted to Director of Multifamily Asset Management and Compliance at VHFA.  She began her career at the Agency in 1989 in the Communication’s Department and has held a variety of positions with VHFA.  Kim most recently served as Assistant Director of Multifamily Programs. She will take over department leadership from recently retired Sam Falzone. “Kim has been a long-term, dedicated employee of VHFA for 28 years and we are so pleased she is taking on this new role.” said Sarah Carpenter, VHFA’s Executive Director.

Kim is a Certified Occupancy Specialist and is also Housing Tax Credit certified.  She will be responsible for the oversight of VHFA’s multifamily portfolio and for initiatives to preserve affordable housing.  Kim will oversee multifamily information systems and strategic analysis of rental housing programs, tax credit monitoring, program policies and procedures, and the Vermont Directory of Affordable Rental Housing, and will supervise staff responsible for multifamily asset management and tax credit compliance.

Kim resides in Williston with her husband and two daughters.

Posted by: Victoria Johnson on June 1, 2017 - 11:28am

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.

The project will offer support for residents through the Support and Services at Home program (SASH). The project incorporated numerous energy efficient features including a new geothermal heating and cooling system. The building is centrally located near various public services such as public transportation, shopping and the hospital. 

Brattleboro Housing Partnership and Housing Vermont developed Red Clover Commons using VHFA tax credits, which covered about half of the project’s development cost. The project also received funding from the HUD CDBG Disaster Relief Program and other Federal, State and local sources.

Information about renting a Red Clover Commons apartment is available at: http://www.brattleborohousing.org/properties

Photo: Robin Castine, VHFA

Posted by: Victoria Johnson on May 30, 2017 - 2:30pm

Registration is open for AHP Application Training in Rutland, VT on June 21, 2017 or Bretton Woods, NH on June 29, 2017.

The Federal Home Loan Bank of Boston has approximately $16.5 million available as grants and interest-rate subsidy to support the production and preservation of affordable housing initiatives.
The AHP application round opens on July 17, 2017. The round closes on September 6, 2017.
For those interested in applying for AHP funding this year, the trainings offer valuable information to help developers and sponsors with their funding applications.
For lenders, FHLB Boston also has webinars focused on member financial institutions’ role in the AHP. For more information on the AHP, visit the FHLB Boston’s website and attend a training.
Here are the registration links:
Vermont: June 21
New Hampshire: Bretton Woods, June 29
Massachusetts: Springfield on July 20 (for southern Vermonters)
Members’ Only Webinars: August 24
AHP Application webinars: May 30 and June 27
AHP Webinar for Rental Applications: July 19
AHP Webinar for Homeownership Applications: August 2
For more information contact:
Theo Noell
Manager of Programs and Outreach
Federal Home Loan Bank of Boston
800 Boylston Street
Boston, MA 02199


Posted by: Madison Noyes on May 30, 2017 - 12:37pm

June is National Homeownership Month, which gives us a chance to celebrate the ways homeownership opportunities have improved in the last year, as well as reflect on ways we can improve in the coming year. To kick off the month, US Department of Housing and Urban Development secretary Ben Carson will be discussing the history and outlook of homeownership at 2pm EDT on June 1st, 2017.

There will be a webcast of the event.  

US Department of Housing and Urban Development states the following about their discussion on Thursday:

“Join HUD Secretary Ben Carson and a diverse group of experts to discuss the history and the outlook of this central foundation of ‘The American Dream.” Our panel of researchers and housing professionals will discuss the recent housing crisis and its impact on consumer behavior with a focus on the challenges millennial purchasers face as they enter the market in greater numbers.”

Find out more information about this event here.