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VHFA News

Posted by: Leslie Black-Plumeau on March 30, 2017 - 2:40pm

Please join VHFA and other housing leaders in celebrating April as Fair Housing Month! To honor the importance of Fair Housing activities in Vermont, all are welcome to the State House on Tuesday, April 4th where there will be information in the Card Room all day as well as fair housing experts on hand to answer questions or discuss recent initiatives. At 10 am there will be a reading of a Concurrent Resolution endorsing April as Fair Housing month.

As noted by the Champlain Office of Economic Opportunity,  "April has come to be recognized and proclaimed as Fair Housing Month because the Federal Fair Housing Act was signed into law on April 11, 1968.

On April 11, 1968, President Lyndon Johnson signed the Civil Rights Act of 1968, expanding the Civil Rights Act of 1964. The 1968 act prohibited discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, sex, (and as amended) handicap and family status.

The federal Fair Housing Act was passed after a long difficult political and social struggle. Advocates in and out of Congress pushed for adoption of a fair housing bill but did not achieve passage until one week after the assassination of Rev. Dr. Martin Luther King, Jr. Dr. King's name had been closely associated with fair housing since open housing marches in Chicago in 1966, which he helped organize and lead.

Vermont enacted laws prohibiting housing discrimination in 1987, and with that passage and subsequent amendments, Vermont law now protects against discrimination in housing on the basis of all the federal categories plus, age, sexual orientation, gender identity, and receipt of public assistance."

Posted by: Leslie Black-Plumeau on March 23, 2017 - 9:47am

VHFA is ranked again in the top five Best Places to Work among small and medium sized companies across the state by the Vermont Business Magazine. After receiving the honor of the top spot in 2016, VHFA was ranked fourth for 2017.  The award was made last night at the DoubleTree Hotel in South Burlington where Governor Phil Scott and hundreds of employees from the 45 companies ranked as finalists gathered. 

“Being recognized again in 2017 as one of the top small places to work highlights the unwavering passion of our staff for improving access to affordable housing. While I’m proud of our enduring success in providing our employees with the best workplace we can, it is their dedication that makes this one of Vermont's best places to work, ” explained Executive Director Sarah Carpenter. When accepting the award at last night’s ceremony, Carpenter was accompanied by David Adams, Chief of Program Operations; Maura Collins, Policy and Administration Director; Lori Gilding, Office Manager and Steve Gronlund, Human Resources Manager.

Companies from across the state entered the two-part selection process. The results of an employee survey counted for 75 percent of each nominated company's score. The remaining 25 percent of the score consisted of evaluating each company's workplace policies, compensation, benefits package and demographics. Companies were split into two groups--those with more than 150 employees and small and medium sized companies with 15 to 149 employees.

Pictured: VHFA’s Sara Everest, Steve Gronlund and Brenda Howley cycle home after work during the Way to Go Challenge last October. 

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Posted by: Leslie Black-Plumeau on March 14, 2017 - 10:50am

The Vermont Agency of Commerce and Community Development recently published its Draft 2017 Annual Action Plan and Draft Vermont National Housing Trust Fund Allocation Plan for comment.  These and other consolidated planning materials are available on ACCD's website

public hearing will be held April 7, 2017.   Written comments will be accepted through May 8, 2017.  

 

Posted by: Leslie Black-Plumeau on March 9, 2017 - 3:29pm

VHFA has an immediate opening for a Multifamily Housing Management Officer. Named Vermont's Best Small Place to Work in 2016, we are looking for an individual who will help us maintain our great reputation, and who demonstrates a strong work ethic, is creative, puts customers first, and works well both independently and as a team player.

The Multifamily Housing Management Officer is responsible for monitoring and overseeing the management of various multifamily rental projects in the VHFA portfolio. This involves monitoring both the financial and physical status of the project, while establishing and maintaining good working relationships with project owners, managers and service providers.

Read more about the position including the full position description and summary of benefits. 

Posted by: Leslie Black-Plumeau on March 8, 2017 - 9:40am

Strong financial performance  contributed to a rating upgrade to Aa2 for VHFA's multiple purpose bonds from Moody's Investors Service last week.  The rating applies to new multiple purpose bonds and all outstanding long-term debt under the multiple purpose bond program.

"The Aa2 long-term rating reflects the strong financial position of the Multiple Purpose Bond program as well as the Agency's decision to primarily originate mortgage backed securities, sound legal structure, cash flow projections that exhibit sufficient reserves to pay timely debt service and management oversight" explained Moody's March 1, 2017 Credit Opinion.  

VHFA is proud of its success finding ways to raise capital to most effectively support its loan programs for Vermont home buyers and for developers of affordable rental housing.  Discover how our programs can help you! 

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