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Data and Statistics

Survey highlights concerns over housing affordability among young professionals

The annual Burlington Young Professionals (BYP) survey conducted by the Lake Champlain Regional Chamber of Commerce reveals that 33 percent of young adults surveyed plan to move out of the area within the next four years. Among the most common challenges cited were the high cost of living, lack of job growth opportunities, and a lack of affordable housing.

New data available on HousingData.org

Vermont Housing Finance Agency (VHFA)’s HousingData.org website has recently been updated to display the latest housing data available. The data updates include the newly released 2017 American Community Survey (ACS) 5-year estimates from the U.S. Census Bureau, as well as 2018 home sales data from the Vermont Department of Taxes.

What would it take to solve the affordable housing crisis?

More than one in three Vermont households live in homes that consume unsustainably high portions of their income, according to estimates from the U.S. Census Bureau.

Nation’s housing stock inadequate for changing demographics

America’s housing stock was primarily built for nuclear families, yet fewer and fewer households fit into that category, according to Making Room: Housing for a Changing America, a new report from AARP. The report argues that communities need to create housing that is more affordable and accessible for single-person, senior, and multi-generational households.    

Thriving Communities initiative seeks local housing info

The CVOEO Fair Housing Project, through its Thriving Communities initiative, is creating an online Housing Committee Toolkit, which will include success stories, best practices, and resources for existing local groups and communities who want to learn more about housing committees. The toolkit is intended to stimulate community conversations, local leadership, and policy change to increase inclusive, fair, and affordable housing.

Vermont's improving economy helps some but leaves other behind

Vermont’s economy is growing but not in every county, and its gains have disproportionately benefited higher income Vermonters, according to the 2018 update of “State of Working Vermont” from Public Assets Institute. Poverty is distinctly more prevalent among younger Vermonters and Vermonters of color, the report notes.

Housing tax credit program provides major benefits for Vermont economy

New estimates from the ACTION Campaign demonstrate the significant impact that the Low-Income Housing Tax Credit has had in Vermont, including creating and preserving over 7,000 affordable homes since 1986 and supporting nearly 8,000 jobs per year.

Decline in household incomes raises concerns about VT economy

A recent article in the Burlington Free Press highlights Vermont’s stagnating household incomes, raising concerns over the strength of its economy and the ability of its residents to afford housing.

New research shows path to affordable, sustainable homeownership

A recent report from researchers at Ohio State University and Fannie Mae describes new evidence of ways to extend homeownership sustainably.  Lower income households seeking to purchase homes face many barriers including lack of wealth for down payment.  Further, “after purchasing a home, lower income homeowners are often at higher risk of default due to unaffordable mortgage terms, higher loan-to-value ratios, and fragile household balance

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.

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