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Chittenden County leaders call for increased production of housing over next 5 years

Building Homes Together  was launched yesterday. It is a collaboration of organizations and communities seeking to remedy some of the most pressing challenges in Chittenden County’s housing market.

“The housing shortage in Chittenden County has been well noted with unhealthy vacancy rates and high rents,” added Charlie Baker, Executive Director of the Chittenden County Regional Planning Commission. “Employers can’t find workers, and workers themselves spend more time in commutes and with a higher percentage of their paychecks on housing costs.” 

High rents put Vermont’s housing wage far above average wage or minimum wage

A modest, two-bedroom apartment costs $1,099, according to the annual Out of Reach report from the National Low-Income Housing Coalition. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn an hourly “housing wage” of $21.13—far more than Vermont’s minimum wage of $9.60 or the average wage among the state’s renters ($11.79).

Collins lends a voice in Essex Junction debate about pace of development

“I want more...” explains VHFA’s Director of Policy and Administration Maura Collins in a recent letter to the editor of the Essex Reporter. Collins is a long-time resident of Essex Junction who felt it was time to share her ideas about future expansion of the Junction’s housing stock and population.

“We see beauty in the new faces, appreciate the increasing diversity of housing types and residents, and want to champion thoughtful growth…. We want more...” writes Collins.

VHFA-ers run it out on the Colchester causeway Saturday

As the fog lifted over a brilliant Lake Champlain, eight VHFA-ers raced to the finish line Saturday morning at the Colchester Causeway 5k & 15k Race. Joe Erdelyi, Brittany Garland and Sara Everest showed their endurance with flying colors in the 15k race, while the rest of us happily reached our 5k goals.

Happy Homeownership Month!

June is a terrific time to reflect on the importance of homeownership in this country, especially in Vermont where residents are more likely than in most states to own their homes. VHFA is working with local lenders across the state to extend the opportunity to own a home to even more Vermonters through low interest loans from a trusted non-profit source.

Link between race and mortgage denial disparities continues in New England

Black and Latino mortgage applicants from New England continued to experience much higher denial rates than whites and Asians in 2013 and 2014, according to the Federal Reserve Bank of Boston’s recent study.  The disparity occurred at every income level.

Photo Contest

Don't forget to enter VHFA's photo contest for your chance to win a $50 gift card to Bed Bath & Beyond.

The graying of America's homeless

The number of homeless living in the U.S. who are over the age of 50 has jumped recently, and now comprises 31 percent of the nation's total homeless population, according to the New York Times. This is creating "daunting challenges for social service agencies and governments already struggling with this crisis of poverty."

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Bipartisan Policy Center recommends new funding and approaches to meet housing needs of seniors

A recent report from the Bipartisan Policy Center describes the need for a comprehensive national approach to integrating health care and housing for seniors.

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