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Economy

2017 Annual Report video

VHFA had a great 2017!

Chittenden County leads state in jobs to homes imbalance

Chittenden County has the biggest imbalance between its share of VT jobs and homes, according to recent VHFA analysis. Although 33% of the state's jobs are in Chittenden County, the state is home to only 28% of the state’s workers and only 25% of the state’s homes. This is likely caused in part by workers living in Franklin County, where the share of homes outnumbers the share of jobs, who commute to Chittenden County for work.

Washington County also has an imbalance similar to Chittenden’s, but on a much smaller scale.

National renter growth slows, but need for affordable housing remains

The recent annual report on rental housing from Harvard University's Joint Center for Housing Studies (JCHS) has found that although the national demand for rental housing has decreased slightly overall, there is still significant need for housing affordable to low-income renters.

How will federal tax reform affect Vermonters?

VHFA's Sarah Carpenter and Maura Collins talked with reporters this week about likely impacts of the many provisions related to housing included in the federal tax reform bill passed this week.   

Vermont housing partners outline damaging impacts of proposed federal tax reform provisions

Housing partners seeking to improve opportunities for lower income Vermonters described this week why federal tax reform bills would make reaching this goal much harder and hurt Vermont communities. Learn more from these WPTZ and CCTV stories.  

VAHC: House and Senate Tax Bills Will Decimate Affordable Housing In Vermont

The Vermont Affordable Housing Coalition (VAHC), a state leader in housing policy, research and advocacy, issued the following statement last week on the tax bill recently passed by the U.S. House of Representatives and under consideration in the Senate:

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.

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

Governor signs bill to promote economic development

Governor Phil Scott signed S. 135 last week, a bill to encourage economic growth and affordable housing. Although the law was signed on June 8, 2017,  portions of the bill are effective on date of enactment of the FY 2018-2019 budget. Vermont State Treasurer Beth Pearce (pictured), also on VHFA's Board of Commissioners, was one of the bill signing speakers. 

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