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VHFA to restore, sell foreclosed homes

VHFA will soon undertake a new initiative to acquire and restore foreclosed homes, before selling them to income-eligible Vermonters.

New VHFA stationery gets greener

Truth be known, VHFA's stationery has been green for as long as just about anyone can remember. But soon it'll be "green," as in "environmentally-friendly."

Starting with our next print run, VHFA letterhead, envelopes and business cards will be printed using vegetable-based inks on paper stock composed of 100% post-consumer waste (PCW).

VHFA Top 10 lenders

Yesterday we updated lender rankings on our Web site.

VHFA loans are originated through more than 30 participating lender across the state.  We display those lenders on the VHFA Web site — sorted by "production," or volume of VHFA loans they make.

Our top 10 lenders are now:

Vermont's economic projections

Uncertainty is a consistent theme among economists these days, with each round of projections for Vermont's plight worse than the last.

Columnist Robert Samuelson explained to the audience at a Vermont economy conference in early January the only other national economic experience like this was the spiraling inflation of the 1970s because, like now, people could not see where it would end.

CBJ focuses on development, housing

The February issue of the Champlain Business Journal features a number of articles about development and housing in Vermont.

Topics cover green construction, the Vermont Neighborhoods Program, condominiums and other multi-unit buildings in Vermont, Act 250 and smart growth.

CHT presents awards, elects board members

The Champlain Housing Trust (CHT) presented awards and selected Board members at its annual meeting this past Saturday.

The event was attended by 150 CHT members.

CHT presented U.S. Sen. Bernie Sanders with the Tim McKenzie Award for his commitment to the community land trust model for nearly 30 years in public office.

Sarah Carpenter in Affordable Housing Finance Magazine

The February issue of Affordable Housing Finance Magazine — yes, there is a magazine for every interest! — features VHFA Executive Director Sarah Carpenter.

Sarah is the subject of the issue's "Pop Quiz" section, answering a number of questions  about her work at the Agency.

Read the article online.

Housing data site adds charts

We managed a significant accomplishment this week when we added a charting function to the Vermont Housing Data site.

Users of the site's Vermont housing data profiles section will now see charts in addition to tabular data when they opt to view historical information for any data item.

As before, users can also choose to save historical data as Excel files.

Vermont foreclosure rate lowest in nation

According to an article that appeared on bloomberg.com yesterday, Vermont has the lowest foreclosure rate in the nation: 0.04% of all homes in the state.

"Vermont is avoiding the foreclosure crisis plaguing homeowners across the U.S., perhaps owing to traditions of thrift, modesty and self-reliance — bolstered by laws that protect buyers and land," writes Brian Sullivan.

Read the entire article at the Bloomberg site.

Free film screening

VHFA is co-sponsoring a free screening of "Communities & Consequences," an award-winning documentary by Jay Childs.

The film explores the effects of the "graying" demographic of New Hampshire's upper valley, and how an increasingly unbalanced generational mix is affecting life in the state.

It was named "Best New Hampshire Documentary" at the 2008 New Hampshire Film Festival.


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