Governor Shumlin helped Montpelier and housing community members recognize the achievements of all involved with the renovations of the 58 Barre Street building yesterday.
Development
Growing home size is one of many new home statistics released by Census Bureau
The average single-family house completed in the U.S. in 2011 was 2,480 square feet, compared to 2,392 the year before, according to results of the Census Bureau’s Survey of Construction released recently. The tidbits below as well as many other types of information about new homes are available on the U.S.
Federal HOME program is critical to Vermonters
Recent cuts to the federal HOME program hurt local families as well as the communities in which they live. In a recent publication from the U.S.
Housing policy key to equalizing access to high quality education
Lower income and non-white students lack equal access to top performing schools largely because of housing availability and cost, according to a recent report from the Brookings Institution. Based on research pertaining to 84,077 schools nationwide, the report documents disparities between the performance of schools in areas with low housing costs and tho
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.
HUD is making the new designations on the basis of new data from the 2010 Decennial Census and the 2006-2010 American Community Survey.
Read more on HUD's web site.
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.
This training covers complex issues such as eligible and qualified basis, applicable fraction, credit calculation (including first year calculation), placed in service issues, rehab projects, tax exempt bonds, projects with HOME funds, Next Available Unit Rule, employee units, mixed income properties, vacant unit rule, and dealing effectively with State Agencies. This course also includes a full discussion of major IRS positions.
Top ten tax expenditures for housing in 2011
Of the 10 largest housing expenditures, by dollar cost, the Low-Income Housing Tax Credit is only 3%, according to an analysis reported by Novogradac yesterday. By contrast, the five largest housing-related tax expenditures combined represent 93% of the ten largest housing-related tax expenditures in FY 2011.