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Housing in the news

Vermonters weigh federal tax reform proposals

When the Senate and House released their initial tax reform proposals last week in Washington, Vermont's Congressional delegation went to work to protect valuable resources that are part of the tax code, such as private activity bonds and housing tax credits.  Tax programs are responsible for most affordable housing developed in Vermont in the past 30 years.

House Tax Bill ‘Would Have Devastating Impact on Affordable Housing in New England’

From the Vermont Affordable Housing Coalition -

Progress update on first year of Building Homes Together campaign

Vermont Governor Phil Scott speaks at press conference

Vermont Governor Phil Scott joined legislative and housing leaders in a press conference last week to update the public on the first year progress of the Building Homes Together campaign.

Goal

In an effort to increase the availability of affordable homes in Vermont, Champlain Housing Trust teamed up with Chittenden County Regional Planning Commission and Housing Vermont to set a goal of 3,500 new homes within 5 years, with 20% of them being permanently affordable.

Training offered on "The Nuts and Bolts of Housing Retention"

The Vermont Resident Services Coordinators (VRSC) invites you to join them on Wednesday, November 1, 2017 for a training workshop.  The workshop will be followed by the VRSC member meeting.  The training workshop and meeting will be held at the historic Royalton Academy Building in Royalton, VT.  

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.

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.

Red Clover Commons ribbon cutting

Executive Director Sarah Carpenter joined Brattleboro Housing Partnerships and other agencies in Brattleboro, on May 25, 2017 to celebrate the opening of Red Clover Commons, a newly constructed 55-unit building for seniors and people with disabilities. These homes are intended to  replace units at Melrose Place which were severely damaged from Tropical Storm Irene in August 2011.

HUD Secretary Carson kicks off Homeownership Month!

June is National Homeownership Month, which gives us a chance to celebrate the ways homeownership opportunities have improved in the last year, as well as reflect on ways we can improve in the coming year. To kick off the month, US Department of Housing and Urban Development secretary Ben Carson will be discussing the history and outlook of homeownership at 2pm EDT on June 1st, 2017.

There will be a webcast of the event.  

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