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VHFA News

Posted by: Mia Watson on July 31, 2018 - 9:35am

Vermont Community Loan Fund (VCLF) is our newest Platinum level sponsor of the 2018 Vermont Statewide Housing Conference. The conference will be held on November 13th and 14th at the Hilton Burlington.

The conference, held every two years, draws hundreds of housing professionals, including legislators, town and regional planners, advocates, developers, and bankers. It offers a unique opportunity to network, learn, and be inspired about housing in Vermont. This exciting event would not be possible without sponsors like VCLF.

A limited number of sponsorship opportunities are left! Sign up to sponsor this event now to get free conference registrations, an exhibit table, and many marketing benefits. Learn more about sponsorship benefits online.

Posted by: Leslie Black-Plumeau on July 27, 2018 - 5:18pm

Donald Webster one of the original framers of VHFA died earlier this month at the age of 82.  As Vermont's Secretary of Development and Community Affairs from 1972 through 1976, Webster helped develop VHFA from its outset in 1974.  Faced with a serious mortgage funds crunch across the state, Webster and VHFA's first Board of Commissioners created a Loans to Lenders Program that met with an overwhelming response. Within 3 months of the program's start, the program had committed funds to over 500 Vermont qualified home buyers. 

The Board continued to roll out additional programs over the next few years to address unmet mortgage needs among Vermont homebuyers and lenders.  In VHFA's first annual report in 1975, the board commissioners described their vision for the agency: 

"We must look upon our people as a natural resource, just as we do the trees and the mountains. We, therefore, must make a commitment to protect them with decent shelter as they are a part of Vermont's total environment.... with strong support from both the administrative and legislative branches of our government we can accomplish this goal in the near future at minimal cost to the tax payers of the state through the vehicle of the Vermont Housing Finance Agency." 

Read more about Donald Webster in The Commons

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Posted by: Mia Watson on July 25, 2018 - 1:06pm

The Vermont Housing & Conservation Board (VHCB) is seeking concepts for innovative housing development projects. These projects will be funded by the Housing for All Revenue Bond (HRB), which was issued by VHFA on behalf of the state in January. The proceeds of the $37 million bond are administered by VHCB for the development and rehabilitation of owner-occupied and rental housing for Vermonters with very low to moderate incomes. To date, 414 new homes across the state have been developed.

VHCB invites the development community to propose innovative approaches to affordable housing development. VHCB’s goals for the use of the HRB funds include the development and improvement of 550-650 units of housing, meeting the highest priority housing needs, geographic distribution, leveraging an additional $70-100 million in additional resources, and allowing for the piloting of new approaches to providing affordable housing. Developers of selected proposals will be invited to submit a competitive application for consideration by the VHCB Board.

For more information and to learn how to apply, review VHCB’s Request for Concepts. Proposals are due by October 31, 2018. VHCB will hold a conference call on August 22 at 1:00 pm to respond to questions. Clarifying questions should be submitted to Martin Hahn, Housing Director at VHCB (mhahn@vhcb.org).

 

Posted by: Mia Watson on July 18, 2018 - 12:14pm

Housing Vermont is our newest Diamond level sponsor of the 2018 Vermont Statewide Housing Conference. The conference will be held on November 13th and 14th at the Hilton Burlington.

The conference, held every two years, draws hundreds of housing professionals, including legislators, town and regional planners, advocates, developers, and bankers. It offers a unique opportunity to network, learn, and be inspired about housing in Vermont. This exciting event would not be possible without sponsors like Housing Vermont.

A limited number of sponsorship opportunities are left! Sign up to sponsor this event now to get free conference registrations, an exhibit table, and many marketing benefits. Learn more about sponsorship benefits online.

Posted by: Mia Watson on July 16, 2018 - 9:15am

FFY2018 HUD Continuum of Care Program * Notice of Funding Availability
REQUEST FOR PROPOSALS

As the Collaborative Applicant for the Chittenden County Homeless Alliance Continuum of Care, the Community & Economic Development Office (CEDO) is accepting proposals for new, renewed, expanded or bonus projects as outlined below with Continuum of Care Homeless Assistance funding from the U.S. Department of Housing and Urban Development (HUD).

Chittenden County Homeless Alliance (CCHA) Continuum of Care is soliciting proposals that address housing and service priorities established through the Continuum of Care, with priority for serving vulnerable populations including chronically homeless persons, survivors of domestic violence, unaccompanied youth, and families with children.

The following funding is available:

  • New/Renewals/Expanded: $1,140,058
  • Bonus for PH – $68,403 – approximately
  • Bonus for DV – $50,000 to include one of the following: PH/RRH project, Joint TH & PH/RRH project or SSO – Coordinated Entry for DV survivors

How to Apply:
Any eligible entity wishing to submit a request to fund a NEW and/or RENEWAL or Permanent Housing Bonus or Domestic Violence Bonus CoC Project during this year’s HUD CoC NOFA must complete the attached form (Word doc) and submit it electronically to the Community & Economic Development Office (Marcy Esbjerg, mesbjerg@burlingtonvt.govbefore 4:00 PM on Monday, July 23, 2018.  Only one request per form.

Organizations that do not currently receive CCHA CoC program funding are encouraged to submit proposals. Proposals are also welcome from current recipients of this funding.

Funding Source:
Funding will come from the U.S. Department of Housing and Urban Development’s (HUD) 2018 McKinney-Vento Continuum of Care (CoC) for the Homeless Program, as amended under the HEARTH Act and the CoC Program Interim Rule. The availability and priorities for any funding for new projects is articulated in HUD’s CoC Notice of Funding Availability (NOFA):
https://www.hudexchange.info/programs/e-snaps/fy-2018-coc-program-nofa-coc-program-competition/#nofa-and-notices

More information on this program, the HEARTH Act, the Interim Rule, and the NOFA is available on HUD’s website: https://www.hudexchange.info/coc

Read the entire Request for Proposals here:
FY18 CCHA Request for Proposals – New and Renewals (Word doc)

Contact:
For more information, please contact the CCHA Collaborative Applicant, Marcy Esbjerg of CEDO, at mesbjerg@burlingtonvt.gov, 802.865.7171.

Timeline:
Click here (or see page 3 of the Request for Proposalsfor a complete timeline/deadlines associated with the CCHA application process for the FFY2018 HUD CoC NOFA.

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