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Posted by: admin on May 13, 2008 - 8:56am

BURLINGTON, VT  Gov. Jim Douglas has appointed Thomas N. Pelletier of Montpelier to the VHFA Board of Commissioners. “Tom’s been a highly-respected member of Vermont’s lending community for a decade,” says Executive Director Sarah Carpenter. “We’re all looking forward to the energy and fresh perspective he’ll bring to our Board.” Pelletier has been President and Chief Executive Officer of Northfield Savings Bank in Northfield since 1998. He serves as a Director of the Vermont Chamber of Commerce, Public Television of Vermont, Norwich University Applied Research Institutes, Ltd. and the Central Vermont Economic Development Corp.; a Trustee of Carrabassett Valley Academy in Carrabassett Valley, Maine; and a member of the Community Bankers Council of the American Bankers Association. Pelletier fills the vacancy created by the departure of Paul Beaulieu, former Executive Vice President/Chief Operating Officer of Factory Point National Bank. VHFA’s Board of Commissioners governs the Agency. The Board includes four ex-officio members and five members appointed by the Governor of Vermont, representing private and public lending, real estate, and housing development interests. 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 approximately 26,000 Vermont households with affordable mortgages and financed the development of 7,400 affordable rental units.

Posted by: VHFA on May 12, 2008 - 9:42am

Valley Cares (West River Valley Senior Housing & Assisted Living) has won a Charles L. Edson Tax Credit Excellence Award from the Affordable Housing Tax Credit Coalition (AHTCC) in Washington, D.C.

AHTCC presents the awards each year to the most outstanding Housing Credit properties in six categories, celebrating the best in affordable rental housing development.

The West Townshend property won in the Senior Housing category.

Valley Cares will receive a $5,000 grant to develop additional services, facilities, or amenities for its residents.

AHTCC is a non-profit organization consisting of syndicators, developers, lenders and other organizations involved with the Housing Credit program.

VHFA is responsible for allocating Housing Credits in Vermont. Read more about Housing Credits at the VHFA Web site.

Posted by: VHFA on May 6, 2008 - 9:28am

This past weekend's COTS Walk raised $143,000 to benefit the Committee on Temporary Shelter (COTS) in Burlington.

The annual 3-mile walk around downtown Burlington raises money and awareness to benefit COTS's mission to provide emergency shelter, services, and housing for the homeless.

Mark your calendar: Next year's COTS Walk is set for Sunday, May 3.

Posted by: VHFA on May 5, 2008 - 1:56pm

kids craft dayVHFA held its second annual Kids Craft Day yesterday, to benefit the United Way.

Children aged 3-12 participated by making a variety of craft projects and a Mother's Day card in the VHFA Board Room.

By charging each child's parent/guardian a participation fee, the event raised $200 for the United Way of Chittenden County.

VHFA is a long-time supporter of the United Way, winning the organization's "President's Award" and "Campaign of the Year" in past years.

The Agency's United Way Committee consists of Scott Baker, Kathy Cawley, Lori Gilding, Pat Loller, Martha Panton, Erin Perrin and Ann-Marie Plank.

Posted by: VHFA on May 5, 2008 - 12:55pm

The John D. and Catherine T. MacArthur Foundation has named Vermont a finalist in a competition for up to $5 million to help preserve and improve affordable housing.

The state's proposal, submitted by Vermont Housing Finance Agency (VHFA) and the Vermont Housing & Conservation Board (VHCB), is one of 21 finalists selected from more than 80 submissions.

Vermont's initiative would use the funding to support state rental housing preservation efforts targeted at more than 8,000 apartments in 123 towns over the next decade.

The foundation will eventually award a total of $35 million in grants and low-interest loans to 10 winners in early 2009.

Learn more about the MacArthur Foundation's housing initiative and Vermont's proposal: Read the press release.