-A A +A

Economy

Report suggests 17% of Vermont households at risk of housing insecurity due to job loss

A new report from the Federal Reserve Bank of Boston estimates that job losses related to the COVID-19 pandemic could put 21,351 Vermont homeowner and 23,561 renter households at high risk of not being able to pay their mortgage or rent.

Help identify high impact strategies for promoting Vermont’s recovery

The Local Support and Community Action Team of the State of Vermont Economic Mitigation and Recovery Task Force needs your help prioritizing high impact ideas and actions identified by diverse stakeholders for COVID-19 recovery.  The task force was established by Governor Scott to help mitigate the short-term economic impacts of the COVID-19 pandemic and develop strategies for long-term business and community recovery. 

Economic impact of coronavirus outbreak on Vermont housing

Vermont has received over 71,000 unemployment claims since the coronavirus pandemic reached the state.  An economic recession is almost certainly forthcoming. This economic disruption will impact Vermont’s housing markets and households, but the full effects will depend on the duration of the coronavirus outbreak.

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.

Homeownership declines among young Vermonters

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

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.

Pages

Subscribe to RSS - Economy