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Development

Updates to Vermont Fire & Building Code take effect October 10, 2016

The Vermont Department Fire Safety announced last week that on October 10, 2016 the 2015 Vermont Fire & Building Safety Code will take effect.

The Code establishes the process to obtain a construction or operating permit, lists the codes and standards that are adopted and describes the process used to evaluate and grant a variance or exemption from the Code. 

 

 

 

Training offered in October on accessible and adaptable multifamily housing

Accessibility Matters is offering an online training program called  “Home Sweet Accessible Home:  Mitigating Liability in Accessible / Adaptable Multifamily Housing” on October 10th, 12th or 19th, 2016.

Learn more and register.

Twenty-three affordable apartments constructed in Hinesburg

Champlain Housing Trust opened a new apartment complex last week in Hinesburg constructed by Snyder Homes. The 23-unit complex includes 1, 2 and 3 bedroom units with rents ranging from $800 to $1,200 per month.

Federal and state housing tax credits allocated by VHFA provided 64% of the funding needed for the project's development. Additional partners included Vermont Housing Conservation Board, Vermont Community Development Program, the federal HOME program and Housing Vermont.

New fact sheets show impact and need for housing tax credits in VT

In Vermont, the federal Low-Income Housing Tax Credits allocated by VHFA have financed 6,513 apartments, providing affordable homes to 15,175 low-income Vermont households and supporting 7,360 jobs.

White House releases housing development tool kit for communities

In response to declining housing affordability in many parts of the country, the White House released a report this week on best practices for reducing local housing development barriers. The accumulation of these barriers has reduced the ability of many housing markets to respond to growing demand, the report explains.

Demand drives new home construction in northwest Vermont

Demand for apartments and denser neighborhoods is driving home construction in Chittenden and Franklin counties this year according to a recent article in Vermont Business Magazine that surveyed area builders and housing experts, including VHFA Executive Director Sarah Carpenter.

Carpenter explained that "more people are delaying the purchase of their first home and that in turn has put pressure on the rental market."

The critical, and mathematical, role of tax credits and other sources in housing low-income Vermonters

Ever wonder why it's not easier to build affordable apartments?  A new interactive tool developed by the Urban Institute illustrates the mathematical necessity of tax credits, loans, tenant income/rent and grants in paying for the costs of affordable housing.  Check it out to see if you can make the math work!

Housing tax credits help renovate Lyndonville's Darling Inn


From L to R: Ted Brady (USDA), Jenny Nelson (Senator Sanders
office), Werner Heidemann (RuralEdge), Senator Leahy, Jen Hollar
(VHCB) and Sarah Carpenter (VHFA).  Photo by Elwin Prescott.

Affordable housing tops concerns in UVM Medical Center community survey

Lack of affordable housing is the community challenge that survey respondents are most concerned about, according to the recently released 2016 Community Health Needs Assessment.  Among survey respondents, 58.3 percent rated lack of affordable housing as the top concern, followed by 52.5 percent for drug and alcohol abuse.  

Collins lends a voice in Essex Junction debate about pace of development

“I want more...” explains VHFA’s Director of Policy and Administration Maura Collins in a recent letter to the editor of the Essex Reporter. Collins is a long-time resident of Essex Junction who felt it was time to share her ideas about future expansion of the Junction’s housing stock and population.

“We see beauty in the new faces, appreciate the increasing diversity of housing types and residents, and want to champion thoughtful growth…. We want more...” writes Collins.

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