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Economy

Vermont Rural Life Survey highlights affordability challenges

VPR and Vermont PBS have released the results of the annual Vermont Rural Life Survey, which polls households from all across Vermont about life in their communities and the daily challenges they face. Vermont has the second highest percentage of its population living in rural areas in the United States.

Housing recovery leaves black households behind

The economic recovery is being felt among many households, with home equity wealth rising and more Millennials becoming homeowners. However, gains in homeownership have not been equally distributed among all Americans.

New reports show housing unaffordable for many Vermont workers

Two new reports show that rental housing in Vermont is unaffordable for many workers, not only for those earning minimum wage, but also for skilled middle-income workers.

Home building is key to helping improve affordability market-wide

A recent study illustrates how new market-rate housing construction in one part of town, especially in markets with low vacancy rates, improves housing affordability for lower income residents in other parts.

Interim Zoning in South Burlington likely to reduce housing affordability

Due to its upward pressure on home prices, VHFA urged the South Burlington City Council this week to end the ban on home building known as Interim Zoning.  South Burlington adopted the Interim Zoning Bylaw on November 13, 2018 after protests about future home building proposed within the City.

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.

Affordable housing key to economic prosperity in Vermont towns

With jobs to fill in Vermont’s Upper Valley towns, the lack of housing affordable to potential employees is becoming an obvious economic challenge, according to Vermont Business Magazine.  

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.

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