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Vermont’s condominium prices remain level between 2010 and 2015

Although most non-vacation condominiums sold each year in Vermont are near Burlington, several towns in other parts of the state also play an important role in this segment of the housing market. About 80 percent of all primary residence condo sales in Vermont each year take place in 10 towns--7 inside Chittenden County and 3 beyond its boundaries.

Metamorphosis begins for once-decaying mobile home park near Vergennes

After sitting vacant for six years, the Gevries mobile home park in Addison County has started redevelopment.  VHFA provided housing tax credits that will cover an estimated 60 percent of the project’s costs and ensure that the new 14-home community will be affordable for low-income renters of all ages. By installing VERMOD high-performance duplex homes, developers Cathedral Square Corporation and Addison County Community Trust anticipate that the neighborhood will achieve net-zero annual energy costs, another critical component of its long-term affordability. 

Ground breaking at Elm Place in Milton celebrated

Executive Director Sarah Carpenter joined partners from Cathedral Square and other agencies to launch construction of Elm Place, a 30-unit building for seniors in Milton. Elm Place will be Vermont’s first multi-family building certified to Passive House standards. Better windows and doors, added insulation and improved air sealing are expected to enable the building to use roughly 65 percent less energy. 

Fair Market Rents revised up 16 percent in Burlington metro area

Thanks to a local survey commissioned by Vermont State Housing Authority,  the Fair Market Rent standards used for HUD's Section 8 Housing Choice Vouchers in Chittenden, Franklin and Grand Isle counties will be revised upward effective today.  The levels established in December 2015 by HUD were 16 percent lower than the new levels. 

The survey of rents in the Burlington metro area was funded by VHFA and other partner agencies.  Read more.

Expanding federal housing credits would help more Vermonters find affordable housing

Faced with increasing numbers of low-income renters who lack affordable housing, VHFA and our counterparts from other states are working together to support a bill developed by Washington State Senator Maria Cantwell. The bill calls for a substantial expansion of the federal Low-Income Housing Tax Credit—the primary financing mechanism for affordable rental housing for the last 30 years.  

Paul Dettman retires after decades of devoted service at Burlington Housing Authority

Paul Dettman will retire this week as Burlington Housing Authority’s (BHA) Executive Director, a post he held for the past 20 years. With Dettman at the helm, the Burlington Housing Authority’s role has grown to managing over 600 affordable apartments and providing rental assistance to 1,700 low-income Chittenden County residents. In addition, Dettman partnered with VHFA to preserve the affordability of many area apartments when original federal contracts from the 1970s and 1980s expired and presented owners with opportunities to sell the buildings and change their use.

Need an affordable apartment?

Need an affordable apartment or know someone who does? There are vacancies in 20 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.

New tools help real estate professionals appraise energy-efficient, high performance homes

The Vermont Green Home Alliance has completed the guide Appraised Value and Energy Efficiency: Getting It Right for building design professionals, builders, home performance contractors, appraisers, lenders, and real estate agents. This guide is intended to help professionals prepare for the increasing level of high performance new home construction and existing home energy efficiency improvement happening in Vermont.

VHFA awards millions in tax credits for affordable housing: Credits create 31 permanent homes for people who are homeless in four communities

BURLINGTON, VT -- On Monday, April 18, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal low-income housing tax credits and state affordable housing tax credits that will provide almost $25 million in upfront equity to construct and renovate housing for low-income Vermonters and will increase permanent supportive housing for people who were formerly homeless.

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