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Vermonters weigh federal tax reform proposals

When the Senate and House released their initial tax reform proposals last week in Washington, Vermont's Congressional delegation went to work to protect valuable resources that are part of the tax code, such as private activity bonds and housing tax credits.  Tax programs are responsible for most affordable housing developed in Vermont in the past 30 years.

House Tax Bill ‘Would Have Devastating Impact on Affordable Housing in New England’

From the Vermont Affordable Housing Coalition -

Children's literacy program opportunities for general occupancy housing and other service providers

clif logo

The Children's Literacy Foundation (CLiF) is now accepting applications for our At-Risk Children grant. This free grant opportunity is open to social service providers, early childhood education programs, childcare centers, school-based programs such as ELL classrooms and afterschool programs, family centers, community organizations, shelters, low-income housing and other programs throughout Vermont and New Hampshire that serve low-income or at-risk infants and children up to age 12 (or a segment of that age range). 

Allard Square construction is underway

dave adams poses in hardhat at groundbreaking

Cathedral Square Corporation, affordable housing partners and South Burlington officials came together this week to celebrate the start of construction of Allard Square.

The 39-unit apartment building is expected to be open to residents this time next year, with rents for the majority of units being well below market rate.

VHFA's David Adams to retire, Maura Collins named Deputy Director

VHFA announced today that David Adams, Chief of Program Operations, will be retiring from the agency on November 17, 2017.  Concurrently, Maura Collins will be promoted to the position of Deputy Director. “Dave has expertly led our programs through the turbulent economic and mortgage industry changes of the past two decades,” VHFA Executive Director Sarah Carpenter explained. “His dedication to VHFA’s mission and unmatched mortgage banking experience have led to many ground-breaking improvements in how our programs operate.”

Lisa Clark named Assistant Director of Finance at Vermont Housing Finance Agency

Lisa Clark headshot

Executive Director Sarah Carpenter announced Lisa Clark has been promoted to Assistant Director of Finance at VHFA. She began her career at the Agency in 1997. “Lisa has been a long-term, dedicated member of VHFA’s Finance Department for 20 years and we are excited about expanding her responsibilities for the Agency’s bond and investment functions,” said Tom Connors, VHFA’s Chief Financial Officer.

2017 Green Real Estate Symposium

2017 Green Real Estate Symposium poster

Join us this Wednesday, October 25, 2017 for the Green Real Estate Symposium hosted by our friends at Vermont Realtors.

The event will include information on three main topics. First, appraisers will be educated on how to accurately evaluate a house for its energy efficiency. They'll also learn how to point out areas that could be performing better. 

Next, market research on green energy will show us why we are measuring sustainable energy in the first place. 

Applegate affordable apartments revamped for sustainability

Applgate apartment ribbon cutting

Plans were made over two years ago to make renovations to Applegate Apartments, located in Bennington, VT. It's one of Vermont's largest affordable housing developments and threatened by rising fuel costs before improvements were made. The complex paid $175,000 a year on fuel costs, which required rent to rise, and owners were worried that tenants would not be able to keep up.

VHFA is hiring!

VHFA has three immediate job openings: Development Underwriter, Business Development Coordinator and Research and Communications Coordinator. 

You can help Puerto Rico's Caño Martín Peña Community Land Trust

Caño Martín Peña, a sister community land trust to Vermont's own Champlain Housing Trust, needs our help to rebuild the homes it operates for 26,000 lower income San Juan residents. 

September's hurricanes have left these homes partly or completely destroyed. Donations will be used to buy construction materials and replace furniture and goods for those who have lost everything.

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