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VHFA News

Posted by: admin on February 16, 2007 - 3:30am

BURLINGTON— Vermont Housing Finance Agency (VHFA) has good news for prospective homebuyers — a lower mortgage interest rate. VHFA has lowered the rate on a 30-year, no points, fixed rate loan to 5.65 percent. The new rate became effective Feb. 12. “We’re always looking for opportunities to lower our rates whenever market conditions allow,” explained VHFA Executive Director Sarah Carpenter. “Even minor adjustments in our rate make a big difference in the amount of home a borrower can purchase in Vermont’s tight housing market.” The Agency’s previous 30-year, no points fixed interest rate was 5.75 percent. “VHFA is always looking for ways to help Vermont homebuyers,” Carpenter added, “whether through lower rates, or our ongoing support of the NeighborWorks® HomeOwnership Centers of Vermont.” VHFA offers a variety of mortgage loan products to qualified buyers, with different interest rates. (See rates table on our Web site: www.vhfa.org) Rates are subject to change. Income and purchase price limits apply. Prospective borrowers should contact their local lenders for more details. A list of lenders that offer VHFA’s products is also available on the Agency’s Web site. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for low- and moderate-income Vermonters. Since it’s inception, VHFA has helped more than 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency Web site, www.vhfa.org

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Posted by: admin on December 21, 2006 - 4:05am

BURLINGTON— Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced that Kim Roy of Williston and Kathy Curley of Burlington have been promoted. Roy, who has been with the Agency since 1989, was promoted from Multifamily Management Officer to Assistant Director Multifamily Programs. In her new position, she fills the lead role for business process review in conjunction with information technology services and related initiatives for multifamily property development and multifamily management. She also works closely with Director of Multifamily Programs on procedure and policy development for the Agency’s Asset Management and Compliance Monitoring group. Curley was promoted from Tax Credit Compliance Specialist to Tax Credit Specialist/Management Officer I. Her new position includes new Asset Management responsibilities for several multifamily loan portfolio projects. She joined VHFA in 2000. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for lowand moderate-income Vermonters. Since it’s inception, VHFA has helped more than 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency Web site, www.vhfa.org.

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Posted by: admin on October 26, 2006 - 3:07am

BURLINGTON— Vermont Housing Finance Agency (VHFA) has dropped the interest rate on a 30- year, no points, fixed-rate loan to 5.75 percent. The new low rate is expected to help more Vermonters realize their dream of homeownership. The new rate became effective today. “We strive to give our customers the lowest rates we possibly can,” said VHFA Executive Director Sarah Carpenter. “When market conditions permit, we always take the opportunity to lower rates. But those conditions change constantly, so we can never predict how long any rate will last. We can predict, however, that we will always be working to give our customers the best value we can.” VHFA offers a variety of mortgage loan products to qualified buyers, with different interest rates. (See rates on our Web site: www.vhfa.org.) Rates are subject to change. Income and purchase price limits apply. Prospective borrowers should contact their local lenders for more details. A list of lenders that offer VHFA products is also available on the Agency’s Web site. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for low- and moderate-income Vermonters. Since it’s inception, VHFA has helped more than 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency Web site, www.vhfa.org.

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Posted by: admin on October 11, 2006 - 10:57am

BURLINGTON—Vermont Housing Finance Agency (VHFA) is selling holiday note cards to benefit the United Way of Chittenden County. The full-color cards are printed on recycled stock with earth-friendly vegetable-based ink, and feature original artwork donated by Polly Thibault, who works as a Loss Management Specialist for VHFA. VHFA is selling the cards with envelopes in packs of 10 for $10 through the VHFA Web site at www.vhfa.org/united_way.php. Orders can be placed online, or submitted using a printable PDF form available at the site. “VHFA is a strong supporter of United Way of Chittenden County,” according to Executive Director Sarah Carpenter. “I’m proud of the generosity staff members exhibit every year by choosing to give to the United Way, and am excited at the prospect of raising even more money for such a worthy cause through this year’s note card sale.” All proceeds from the sale will help fund the many member organizations the United Way of Chittenden County supports to improve the lives of people in Chittenden County, including a number of organizations that help Vermonters with affordable housing, such as: Chittenden Community Action, Committee on Temporary Shelter (COTS), HomeShare Vermont and Vermont YWCA Inc. The order deadline is Friday, Nov. 4. Cards will be mailed to buyers no later than Nov. 16. Printing costs for this project have been generously discounted by L. Brown & Sons Printing Inc. of Barre. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for low- and moderate-income Vermonters. Since it’s inception, VHFA has helped more than 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency Web site, www.vhfa.org.

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Posted by: admin on September 29, 2006 - 8:04am

BURLINGTON— Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2006: Michelle Shambo, Chittenden Bank, Middlebury, Addison County; Wendy Chenaille, Bank of Bennington, Bennington, Bennington County; Susan Laferriere, Union Bank, St. Johnsbury, Caledonia and Essex counties; Jeanne Boucher, New England Federal Credit Union, South Burlington, Chittenden and Grand Isle counties; Carol McKinney, New England Federal Credit Union, St. Albans, Franklin County; Wanda Allaire, Universal Mortgage Corp., Morrisville, Lamoille County; Wanda French, Universal Mortgage Corp., Barre, Orange County; Hope Colburn, Community National Bank, Barton, Orleans County; Laurie Laliberte, Chittenden Bank, Rutland, Rutland County; Lee Youngman, Community National Bank, Montpelier, Washington County; Cathy Eakins, Chittenden Bank, Brattleboro, Windham County; and Kathy Sarnes, Connecticut River Bank, Springfield, Windsor County. "We rely on loan originators at VHFA participating lenders to act as our mortgage sales force," explained VHFA Executive Director Sarah Carpenter. "We're pleased to have originators like these on our team." The Agency's top five lending institutions for 2006 are: New England Federal Credit Union, first; Chittenden Bank, second; Universal Mortgage Corp., third; Community National Bank, fourth; and Union Bank, fifth. VHFA has 33 participating lending institutions around the state that help homebuyers qualify for VHFA mortgage loans. VHFA has several home mortgage loan programs, all of which have income and purchase-price limits. A list of participating lenders and information about VHFA's programs and interest rates can be found on the Agency's Web site: www.vhfa.org. VHFA was created by the Vermont Legislature in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped almost 25,000 Vermont households with affordable mortgages and financed the development of nearly 7,000 affordable rental units.

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