Vermont Housing Finance Agency (VHFA) is recruiting a new Staff Accountant.
Finance
VHFA receives $7.5 million in federal and philanthropic awards for investments in affordable housing
By: Mia Watson
Vermont Housing Finance Agency (VHFA) announced it received $7.5 million for housing through a federal award and a generous philanthropic donation. Together, these awards will support the development or preservation of over 300 affordable rental homes, as well as establishing an innovative pilot project to support smaller-scale community housing projects. The recent awards demonstrate how investments from philanthropic donors can help attract new federal funding to meet Vermont’s housing needs.
VHFA is conducting a series of sessions around the state about housing development funding. Learn about new funding opportunities available and share how they can best help you overcome challenges to build and renovate affordable housing. Open to anyone interested in creating and preserving affordable housing, including small and aspiring developers.
VHFA awards housing credits and loans for 139 perpetually affordable homes
By: Chad Simmons
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced Monday the award of state and federal housing tax credits and loans to support the construction, rehabilitation or preservation of 139 permanently affordable apartments in four communities across the state.
VHFA releases 2023 VHIF Annual Report
By: Mia Watson
Vermont Housing Finance Agency (VHFA) has released its second annual report for the Vermont Housing Investment Fund (VHIF). VHFA established the fund in 2020 in recognition of a growing need for more flexible financing opportunities for affordable housing development. VHIF investments are intended to fill gaps in project budgets, allowing worthwhile housing projects to move forward despite complex and changing development conditions.
Learn more about the “10% in Vermont” local investment program
A webinar on applying for the “10% in Vermont” local investment program will be held at noon on April 17, with applications for the program due June 1, 2023.
Missing Middle Program Application Deadline Extended to January 27
By: Chad Simmons
On June 7th 2022, Governor Scott signed legislation that provides $15 million in funding for the Missing Middle-Income Homeownership Development Pilot Program. The program will be initially funded from a portion of the state’s American Rescue Plan Act funding. The program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of Area Median Income or lower. VHFA launched the program in December 2022.
New program launches to increase homeownership opportunities for Vermonters
By: Chad Simmons
MIDDLEBURY, VT - With many Vermonters feeling stuck because of the increasing costs of homes and the dire lack of availability, officials announced a new program to build more moderately priced homes across the state. The Missing Middle-Income Homeownership Development Program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of the area median household income or lower.
Rising interest rates and prices decrease home affordability
By: Mia Watson
Increasing mortgage interest rates and home prices have rapidly made it much more difficult for Vermonters to purchase their first homes. About half as many renters can afford to purchase their first home in 2022 compared to 2021, based on VHFA’s recent analysis of sales price and interest rate trends.
U.S. Treasury allows expanded use of stimulus funding for affordable housing
By: Mia Watson
The U.S. Treasury Department recently announced new guidelines that will significantly increase Vermont’s ability to use pandemic recovery funding to directly support the development of affordable housing and reduce costs for Vermonters.