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Help make sure housing is part of recovery plan

The Federal government is currently working on an economic recovery plan that could amount to $1 trillion.

It's important for the future of affordable housing and the fight to end homelessness that housing is included in that plan.

Our friends at the National Low Income Housing Coalition (NLIHC) suggest you contact your U.S. Representatives and Senators and encourage them to support a plan that includes several housing-related elements:

Champlain Housing Trust moving

Heads up: Our friends at the Champlain Housing Trust (CHT) in Burlington are moving to new headquarters next week.

CHT will be relocating from its 179 South Winooski Avenue address in Burlington to the new building at 88 King Street, a stone's throw from VHFA's headquarters at the corner of King and Saint Paul streets.

Web sites offline today

We expect the Web sites of VHFA — www.vhfa.org, www.vhfa.net and portal.vhfa.net — might be occasionally offline today.

We're doing some work on our Web servers, but hope to keep the down time as short as possible.

Once the work is complete, however, we expect our sites will perform faster and more efficiently.

New documents for LIHTC property owners

We've posted online a handful of new documents for owners of Low Income Housing Tax Credit (LIHTC) properties.

In a memo being sent today, Assistant Director of Multifamily Programs Kim Roy details a number of annual obligations LIHTC property owners must meet, including submitting:

Important reminder for multifamily properties

Director of Multifamily Programs Sam Falzone reminds all owners, managers and auditors of VHFA-financed multifamily properties of the March 1 deadline for audited financial statements. Meeting the deadline this year is more important than ever, since VHFA will be using your statements to make decisions about our portfolio and to update ratings agencies prior to issuing bonds to finance affordable housing later this year.

Report: Sub-prime lending in Vermont

sub-prime lending in vermont reportThe Champlain Valley Office of Economic Opportunity (CVOEO) Fair Housing Project and VHFA have published a short report titled "Sub-Prime Lending in Vermont."

Act 68 certification schedule online

Subsidized housing managers/owners: We've posted the 2009 certification timeline and Application for Subsidized Rental Housing Certification online.

Act 68, passed by the Vermont legislature in 2003, affects the way subsidized housing buildings in Vermont are taxed. To assure your property is not taxed at the higher "non-homestead" rate, you must apply for the subsidized rental housing designation.

Learn more online.

Pre-development loan programs suspended

At its Dec. 18 meeting, the VHFA Board of Commissioners decided to suspend new activity under VHFA's multifamily and single-family Ventures pre-development loan program.

We hope to resume this program, which has helped fund start-up development costs for non-profit organizations, as soon as market conditions allow.

Michelle Kennedy keynote to air again

michelle kennedyMichelle Kennedy's keynote address from last month's Vermont Statewide Housing Conference will air again on CCTV Channel 17 in Chittenden County:

  • Jan. 2, 11:05 a.m.
  • Jan. 3, 4:05 a.m.
  • Jan. 3, 10:05 a.m.
  • Jan. 3, 4:05 p.m.

Learn more at our previous post.

Village Haven named first "Vermont neighborhood"

Village Haven, a 24-unit development in Essex Junction, has been named the first "Vermont neighborhood" by the state's Downtown Board.

The designation's the result of the Vermont Neighborhoods bill, which was passed this spring to stimulate housing development in downtowns and villages.

Read more in this morning's Burlington Free Press.

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