-A A +A

Development

VHFA awards federal and state tax credits to develop and preserve affordable housing

The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced on Monday the award of federal and state housing tax credits and loans to support the development, rehabilitation or preservation of 104 permanently affordable apartments in six communities across the state.

AHP funding application opens June 8

The Federal Home Loan Bank of Boston (FHLBB)'s 2020 Affordable Housing Program (AHP) will begin to accept applications on June 8, 2020.  The program will award approximately $18.1 million in grants and low-interest loans through member institutions to organizations

VHFA awards federal tax credits for future construction of affordable apartments statewide

The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal housing tax credits will support the development of 130 permanently affordable apartments in five communities across the state.
 

LIHTC housing leads to higher incomes and educational attainment

New national research from the Congressional Joint Committee on Taxation finds that children who grow up in housing funded by the Low-Income Housing Tax Credit Program (LIHTC) program are more likely to enroll in higher education programs and have higher earnings as adults. The federal LIHTC program, which is administered in Vermont by VHFA, is the largest single source of funding for affordable rental housing development in the state.

VHFA seeks public comment on Tax Credit Qualified Allocation Plan

Vermont Housing Finance Agency (VHFA) is seeking feedback and comments on the Qualified Allocation Plan (QAP) that guides the agency in making housing tax credit allocation decisions. The Agency has opened the initial comment period and will close the period on Friday, April 15, 2020. The current 2020-2021 QAP is available on VHFA’s website.

Location matters for housing affordability

This commentary by VHFA Executive Director Maura Collins appeared recently in VTDigger

Housing affordability can’t be judged just on how much it costs to rent or buy a home. Although those indicators are important, the total costs of housing, both for households and the community, depend heavily on where the home is located.

Vermont Housing Finance Agency completes successful sale of state tax credits

Vermont Housing Finance Agency (VHFA) worked with local financial institutions to fund affordable homes that will be sold to low- and moderate-income Vermonters. Passumpsic Bank, Mascoma Bank, Union Mutual Insurance, Community National Bank, and Union Bank invested in Vermont Affordable Housing Tax Credits available through VHFA.
 

Pleasant Hills in Bristol celebrates redevelopment

VHFA Executive Director Maura Collins joined Housing Vermont and Addison County Community Trust (ACCT) in Bristol last week to celebrate the redevelopment of Pleasant Hills. The complex offers 16 affordable one and two bedroom-apartments for seniors in a village setting. The project received the majority of its funding from federal tax credits and loans awarded by VHFA.

Whose voices are heard in local decision making?

In our increasing complex system of government, housing is one of few policy areas that is still largely decided at the local level. Resident input can have a significant influence on the number and types of homes that are built in a community. However, a study of local governments in Massachusetts reveals that people who participate in planning and zoning meetings often do not match the demographics of their communities as a whole.

Vermont launches Zoning for Great Neighborhoods project

Earlier this week, the Vermont Department of Housing and Community Development (DHCD) launched the Zoning for Great Neighborhoods project, an initiative aimed at helping Vermont cities and towns break down the regulatory barriers preventing them from meeting the housing needs of Vermonters.

Pages

Subscribe to RSS - Development