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Rent unaffordable for many Vermont workers

The latest edition of the annual report on rental housing affordability from the National Low Income Housing Coalition and the Vermont Affordable Housing Coalition has found that Vermont has one of the highest gaps in the nation between the cost of rent and renter wages. Out of Reach: The High Cost of Housing reports that for a Vermont renter to be able to afford a modest two bedroom apartment, he or she would need to earn $22.40 per hour, well above the average renter wage.

Congressional report highlights housing crisis

A task force convened by the New Democrat Coalition, a group of moderate Democrats in the U.S. House of Representatives, has found that housing is becoming increasingly unaffordable and unavailable for many Americans. In the report, Missing Millions of Homes, the Coalition linked the lack of affordable housing to a combination of wage stagnation and decreased construction.

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Executive Director Sarah Carpenter announces retirement from VHFA

Vermont Housing Finance Agency (VHFA) announced today that later this year Sarah Carpenter, Executive Director, will be retiring, after twenty years at the agency’s helm. “As a result of Sarah’s vision and skill thousands of Vermonters have moved into decent, affordable homes since she arrived at VHFA in 1998,” said Randy Amis, chair of VHFA’s Board of Commissioners. “She has expertly led VHFA’s financial activities and programs, built strong partnerships and shared her deep expertise with state and federal policy makers. Vermont is a better place to live thanks to Sarah’s impact.”  

VHFA’s Mia Watson wins Marshall E. Dimock Award

In recognition of her scholarly and professional achievements, VHFA’s Research and Communications Coordinator Mia Watson received the Marshall E. Dimock Award as a graduate of UVM’s Masters of Public Administration (MPA) program. 

The award was presented by MPA program director Christopher Koliba during UVM’s graduation festivities in May 2018.

AHP 2018 training on June 26th

The Federal Home Loan Bank (FHLB) of Boston is coming to Burlington to host a training on the Affordable Housing Program on June 26th. This training is important for any developer or lender who is planning to apply for AHP funds in 2018 or in the future. It will be held at Hotel Vermont (41 Cherry Street, Burlington) from 8:30 to noon. For more details and to register go to their website.

Taylor Street housing and transit center construction begins

Senator Patrick Leahy joined Governor Phil Scott, VHFA Deputy Director Maura Collins, and many supporters in Montpelier on Tuesday to celebrate the groundbreaking of the 1 Taylor Street affordable housing project. The project, sponsored by Housing Vermont and Downstreet Housing & Community Development, will create 19 affordable apartments for low-income Vermonters as part of a 30 unit development incorporating a new city transit center. The project was funded in part by tax credits and a loan awarded by VHFA.

Spruce Mortgage

Business Display Name: 
Spruce Mortgage
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Vermont Home Mortgage Group

Business Display Name: 
Vermont Home Mortgage Group
Rank: 
8
Website: 
www.vhmg.net
Advantage: 
MOVE: 
MOVE MCC: 
MCC: 
Assist: 
Conventional: 
RD: 
VA: 
FHA: 
Government: 
Counties: 
Addison
Bennington
Caledonia
Chittenden
Essex
Franklin
Grand Isle
Lamoille
Orange
Orleans
Rutland
Washington
Windham
Windsor
Are Products Offered: 

Vermont Mortgage Company

Business Display Name: 
Vermont Mortgage Company
Rank: 
7
Website: 
www.vermontmortgagecompany.com
Advantage: 
MOVE: 
MOVE MCC: 
MCC: 
Assist: 
Conventional: 
RD: 
VA: 
FHA: 
Government: 
Counties: 
Addison
Bennington
Caledonia
Chittenden
Essex
Franklin
Grand Isle
Lamoille
Orange
Orleans
Rutland
Washington
Windham
Windsor
Are Products Offered: 

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