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VHFA News

Posted by: Joe Erdelyi on May 3, 2017 - 9:51am

VHFA supported the renovation and expansion of Bradley House in Brattleboro with the commitment of a $3.1 million construction loan and its staff was gratified to attended the project's ribbon-cutting ceremony Monday.

The development is a Level III Residential Care facility that serves seniors in need of a variety of services, and the expansion will increase the number of residents served from 28 to 35. The wonderfully elaborate building that will be renovated was built in the 1860s and an attached new wing will be added to allow this expansion. The facility is owned and run by Holton Home Inc. and is their second such property in Brattleboro.

Development services were provided by Cathedral Square Corporation and other new funding was committed by USDA Rural Development, Vermont Housing and Conservation Board, Vermont Community Development Program, Commons Energy, Efficiency Vermont, 3E Thermal, The Town of Brattleboro, Vermont Community Loan Fund and private fundraising.  Brattleboro Savings and Loan has provided longstanding banking and financial services to Holton Home Inc. and were also key to helping achieve this objective. 

Pictured: Cindy Reid, Cathedral Square Corporation, Governor Phil Scott and Cindy Jerome, Holton Home LLC. 

Posted by: lori on May 1, 2017 - 3:13pm

Executive Director Sarah Carpenter announced that VHFA has hired a new Multifamily Management Officer.  Andrea Tieso comes to VHFA from Summit Property Management where she has worked since 2014 as a Compliance Specialist.  She has many years of experience in property management and has worked specifically with Housing Tax Credits and Section 8 housing.

 

Andrea lives in Charlotte with her husband and three children.

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Posted by: Leslie Black-Plumeau on May 1, 2017 - 10:46am

Housing affordability challenges in high-cost cities often overshadow the enormous housing challenges in rural America. Though the situation is more extreme in metro areas, rural areas and small towns also face significant shortages of affordable and available rental housing, as most very low-income Vermonters well know.

As this housing affordability gap map from the Urban Institute (UI) illustrates, nearly every U.S. county lacks enough affordable housing to meet residents’ needs, a crisis that is particularly urgent for extremely low-income (ELI) households. Nationally, only 46 adequate and affordable rentals are available for every 100 ELI renter households—and without federal support, this problem would be significantly worse, according the UI's recent study

Housing costs in rural areas are often lower than in metro areas, but so are incomes. In 2010, the rural poverty rate was 18 percent, compared with a 15 percent urban poverty rate.  

In Vermont, HUD and USDA rental assistance enable the state to provide adequate, affordable housing for 51 to 66 percent of it's extremely low-income households, depending on the county. Without federal assistance, only 5 to 31% of these households would be housed adequately and affordably.

Use the map, to find statistics and assess how federal assistance impacts conditions where you live. 

Posted by: Leslie Black-Plumeau on April 28, 2017 - 4:17pm

The White House announced today that it intends to nominate Pamela Patenaude to serve as Deputy Secretary for Housing and Urban Development (HUD). Patenaude is currently president of the J. Ronald Terwilliger Foundation for America's Families, an organization that seeks to elevate housing's place on the political agenda.

Patenaude has held a variety of housing policy positions in both the public and private sectors. She served as Director of the Bipartisan Policy Center's Housing Commission and had the opportunity to hear about Vermont’s housing issues at a national hearing in Maine in 2012. She also spoke at the Vermont Statewide Housing Conference in 2012.

Pam has served as HUD Deputy Secretary for Community Planning and Development under President George W. Bush and as HUD's White House liaison under President Reagan. She also previously administered the Section 8 program for the New Hampshire Housing Finance Authority.

 

Posted by: Will White on April 27, 2017 - 11:08am

The At-Risk Children grant is open to social service providers, community centers, afterschool programs, refugee services organizations, shelters, low income housing programs, Head Start programs, early childhood education programs, and a wide range other groups throughout Vermont and New Hampshire that serve low-income or at-risk infants and children up to age 12 (or a portion of that age range).

The application deadline is May 15, 2017 for programming that will take place in the Fall of 2017.

The At-Risk Children grant includes a professional storytelling presentation, brand new, high quality books for children to choose and take home, and an onsite library for the organization. Many sites also choose to include a parent seminar to help families learn the importance of sharing books with children and strategies to do so, even if the parents are not strong readers themselves.

For more information about the At-Risk Children grant, eligibility requirements, and a link to the online application, please visit http://clifonline.org/literacy-programs/at-risk-children/ or contact Program Manager Jana Brown at jana@clifonline.org.

The Summer Readers grant is open to summer programs serving children from birth to age 12 all across VT and NH.  The program works with summer camps of all kinds, nutrition programs and summer meal sites, libraries, parks and rec. programs, and school-based summer programming.  This grant is for programming which will take place during the Summer of 2017.

The Summer Readers grant includes a visit to your summer program by one of CLiF's professional presenters for a storytelling event followed by a free book giveaway for each child in attendance.  This is a fantastic way to highlight the importance of summer reading!  The deadline to apply is May 15, 2017.

For more information about the Summer Readers grant, eligibility requirements, and a link to the online application, please visit http://clifonline.org/literacy-programs/summer-readers/ or contact Program Manager Jana Brown at jana@clifonline.org.

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