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VHFA seeks "Housing for All" investors: Historic initiative expected to create or rehabilitate 650 homes statewide

VHFA invited bids from investors Friday for the "Housing for All" initiative passed by Vermont lawmakers earlier this year.  The proceeds from this financing will be used to create and rehabilitate an estimated 650 rental and owned homes across the state.

Northfield Savings Bank’s Tom Leavitt appointed to VHFA’s Board of Commissioners

Governor Phil Scott has appointed Thomas S. Leavitt of Waterbury Center to VHFA's Board of Commissioners.

Leavitt, has been President and Chief Executive Officer of Northfield Savings Bank since 2014.  Prior to Northfield Savings Bank, Leavitt was President and CEO of MountainOne Financial in North Adams, MA and before that he was on the senior management team of Merchants Bank in Vermont for 16 years.

Home prices rise for northern Vermont counties through June 2017

In each of Vermont's northernmost counties, the median price of homes sold during the first half of 2017 was more than 10% higher than a decade earlier, according to our recent analysis of VT Tax Department data on non-vacation homes. 

Home price data through June 2017 for every town and county in the state was recently added to the Vermont Housing Data website's community profiles

Tri-State Housing Managers Conference registration open

Registration is open for this year's Tri-State Housing Managers Conference to be held October 25-27, 2017.  The conference will be hosted by Vermont Housing Managers Association , Granite State Managers Association and Maine Real Estate Managers Association. 

Number of U.S. households with worst housing needs grew 8 percent in 2013-2015

Despite continued signs of a strengthening national economy, HUD's reported this month that severe housing problems are on the rise. In 2015, 8.30 million households had worst case needs, up from 7.72 million in 2013. These households are defined as very low-income renters who do not receive government housing assistance and who paid more than one-half of their income for rent, lived in severely inadequate conditions, or both.

McKnight Lane exemplifies Vermont's bold steps toward energy independence

The 14-unit McKnight Lane rental housing neighborhood in Addison County captured national attention this week as the New York Times spotlighted the bold initiatives of Green Mountain Power to reduce its customers' dependence on the electrical grid. 

VHFA’s down payment assistance program funded by Union Bank

This morning Union Bank funded nearly $600,000 of Vermont Housing Finance Agency’s (VHFA) highly successful “ASSIST” down payment assistance program. By purchasing Vermont Affordable Housing Credits for the past three years, Union Bank has helped nearly 500 Vermont households buy their first homes.

Public meetings July 27 and July 31 will share information about state's new affordable housing bond program

Staff from the Vermont Housing and Conservation Board will outline specifics of the Housing for All initiative, the program funded with the state's recently-enacted bond for housing development.  VHFA will issue the revenue bond and the Vermont Housing and Conservation Board will administer the funds statewide to expand Vermont’s stock of permanently affordable housing. 

New improved Vermont Directory of Affordable Rental Housing goes live

Based on feedback from property managers and apartment seekers, VHFA launched this week a redesigned, user-friendly Vermont Directory of Affordable Rental Housing at www.housingdata.org. We improved search tools and expanded the site to include more information people looking for an apartment need, such as rent and income limits, property photos, proximity to public transportation, accessibility features and pet policies.  

Legislature passes largest affordable housing bond in state history

With the passing of the State budget and enactment of a bond that could produce $35 million, Vermont is making its largest single commitment ever of state dollars for affordable housing. VHFA will issue the revenue bond and the Vermont Housing and Conservation Board (VHCB) will administer the funds statewide to expand Vermont’s stock of permanently affordable housing. 

The Governor will sign the budget bill containing the bond on Wednesday, June 28th at 11:00 a.m. in the Ceremonial Office at the Vermont State House in Montpelier.

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