148 rental units in Burlington’s south end will remain affordable in the long run thanks to its upcoming purchase by Champlain Housing Trust.
Vermont gains housing credit qualified census tracts for 2013
Next year, Vermont will gain eight qualified census tracts for the purposes of the Low-Income Housing Tax Credit program. Buildings located in qualified census tracts receive increased funding through the housing credit program because the “eligible basis” can be increased by 130 percent.
Qualified census tracts have at least 50 percent of households with incomes less than 60 percent of the area median income or have poverty rates of at least 25 percent.
Advanced housing tax credit course on June 7, 2012
This full day training, sponsored by Vermont Housing Managers Association, is intended for senior management staff, developers, corporate finance officers, and others involved in decision-making with regard to how credit deals are structured.