After one year of entering into a contract with the Agency of Human Services to cover the after-hours emergency housing assistance, more than 1,300 calls were received by Vermont 2-1-1. Of these requests for after-hours emergency housing, 329 callers were eligible for housing assistance. Alternate shelter was found for 451 of the remaining 1,015 callers who did not qualify for emergency housing. The majority of requests for emergency housing are from single individuals.
Housing director dies in tragic accident
Phil Holmes, long-time promoter of affordable multifamily housing at HUD’s Manchester office, died tragically last night in a motorcycle accident.
Through his many years of work with the Maine, New Hampshire and Vermont housing manager associations, Phil became a good friend to many owners, managers and agency staff. Phil was a was strong advocate of HUD’s risk share insurance program and expansion of computer learning centers in HUD assisted housing. He was also well known for his involvement with Northgate Apartments and support for resident control and ownership.
Sam Falzone, VHFA’s Director of Multifamily Programs, described his death as “a tremendous loss to the affordable housing community throughout northern New England.”
Sara Barrett joins VHFA as loan servicing assistant
Sara Barrett of Burlington has joined VHFA as Loan Servicing Assistant.
Barrett’s most recent experience includes serving as an AmeriCorps member with the Shared Equity Program at Champlain Housing Trust through Vermont Housing and Conservation Board. She has been in the affordable housing industry since 2009. Barrett will provide support to the Agency’s loan servicing function in our Homeownership Department.
VHFA multifamily mortgage bond rating returns to A+
Standard & Poor's Ratings Services raised its rating on VHFA's multifamily mortgage bonds from 'BBB+' back to ‘A+’.
"The upgrade is based on recent legislative changes that resulted in these bonds conforming with our moral obligation criteria," said Standard & Poor's credit analyst Henry Henderson.
Read the Standard and Poor’s press release.