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VHFA News

Posted by: admin on March 5, 2007 - 3:39am

BURLINGTON—VHFA Development Underwriter Liza Vedder Plantilla has been elected President of the 15- member Board of Directors of the Vermont Green Building Network in Burlington. “I look forward to reaching out to those who want to ensure buildings are constructed, rehabilitated and maintained in a way that's environmentally responsible,” says Plantilla, who has served as the network’s Treasurer for two years. “Green building isn’t anything new to Vermonters. It’s a solid building ethic that includes conservation of materials, and minimizing waste and environmental impact. We've been doing that in New England for a long time. “Now the industry is coming of age,” she adds, “the Vermont Green Building Network wants to ensure Vermonters have access to the wealth of information and products that are available to them as they focus on sustainable building.” The Vermont Green Building Network, the Vermont chapter of the United States Green Building Council, is a non-profit organization dedicated to increasing Vermont’s participation in green building. It promotes the environmental, financial, community and health benefits of green design, construction and building operation practices. For more information about the Vermont Green Building Network, go to the organization’s Web site: www.vgbn.org. 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 its 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 February 22, 2007 - 2:56am

BURLINGTON— Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced that Erin Philbrick of Milton and Renee Couture of Burlington have been promoted. Philbrick, who has been with the Agency since 2001, was promoted from Multifamily Operations Specialist to Multifamily Management Officer. In her new position, Philbrick is responsible for asset management on a portion of the multifamily rental projects in VHFA’s portfolio — monitoring their financial and physical well-being and providing ongoing management advice and guidance on all aspects of the successful operation of low- and moderate-income rental units. Philbrick will also participate in workouts and financial restructuring for portfolio loans. Couture, who has been with the Agency since 2002, was promoted from Executive Assistant to the new position of Legal Coordinator. In her new position, Couture assists the Agency’s General Counsel in providing legal advice to and performing legal functions for the Agency, including oversight of corporate records management, program and procedure review and closings of multifamily mortgage loans for construction, acquisition and rehabilitation, preservation, and ownership transfer involving multiple lenders, Low Income Housing Tax Credits, bond financings and other sources of funding. She also provides assistance with the development and implementation of Agency policies and procedures, and performs legal research. 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 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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