The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced on Monday April 15, 2024, that its annual award of federal housing tax credits will support the construction of 156 homes in perpetually affordable apartment buildings in five communities across the state. The sale of this year’s tax credits to investors is expected to yield over $40 million in funds, covering an estimated 60 percent of total project development costs.
DRAFT Board Meeting Minutes - April 2024
Chris Gomez appointed to VHFA’s Board of Commissioners
Governor Phil Scott has appointed Chris Gomez of Rutland to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners. Chris Gomez is the President/CEO of Heritage Family Credit Union (HFCU), headquartered in Rutland Vermont.
“We are very excited to have Chris join the VHFA Board as the agency celebrates its 50th anniversary and embarks on a new chapter of strategic planning,” said VHFA Board of Commissioners Chair Katie Buckley. “The breadth of the banking and lending experience Chris brings to the Board will be invaluable.”
Celebrating 50 years since VHFA began on April 11, 1974
It’s VHFA 50th birthday! VHFA was created by Act 260 in the Vermont General Assembly and signed into law by Governor Thomas P. Salmon on April 11, 1974.
Monday’s solar eclipse was a cosmic lead-up to celebrating VHFA's energy and impact. During the course of its history, VHFA has helped 31,000 Vermont families buy their first home and financed the development of 9,600 affordable apartments across the state.
Treasurer Pieciak and VHFA Announce Housing Investments Made Through 10% in VT Program
Housing and Community Development stakeholders from across the state gathered in St. Albans on Monday April 1st to announce funding commitment of $39 million that will support a wide range of housing opportunities across Vermont. State Treasurer Mike Pieciak and Vermont Housing Finance Agency (VHFA) Executive Director Maura Collins were joined by St.
Multifamily Affordable Housing Insurance Webinar materials
VHFA hosted a conversation with the affordable housing community and policy leaders on April 2 about the challenges in insuring multifamily affordable housing in Vermont and nationally. The two-hour webinar included:
Board Meeting Agenda - April 2024
Vermont primary home sale prices increase by 5% during 2023, number of homes sold decreases by 26%.
The median sales price of primary homes sold in Vermont reached $325,000 in 2023, increasing by 5% during that period compared to the prior year, according to recent Vermont Property Transfer Tax (PTT) records. This continues a trend in which no county in Vermont has seen a decline in annual home sale prices since 2019.
Among new homes sold in 2023, the median price statewide increased by 11% relative to the prior year, up to $616,500, according to data from the Multiple Listing Service.
For mobile devices, click here to view on Tableau Public.