Over $41 million has been paid on behalf of 5,800 Vermont homeowners to help them stay housed during the pandemic, thanks to the Vermont Homeowner Assistance Program (VHAP). The program helped pay for overdue mortgage, property taxes, and utility bills.
Vermont primary home sale prices increase by 5% during 2023, number of homes sold decreases by 26%.
The median sales price of primary homes sold in Vermont reached $325,000 in 2023, increasing by 5% during that period compared to the prior year, according to recent Vermont Property Transfer Tax (PTT) records. This continues a trend in which no county in Vermont has seen a decline in annual home sale prices since 2019.
Upcoming community investment series on partnerships and capital for affordable housing
VHFA is pleased to be partnering with and participating in the upcoming community investment forum “Leveraging Partnerships and Capital: Unlocking Barriers to Affordable Housing and Economic Development” on April 16 in Manchester, presented by the Federal Home Loan Bank of Boston. The Manchester forum will be one of eight events throughout New England as part of the series.
First Generation Homebuyer Program Update
The State of Vermont has renewed funding for the First Generation Homebuyer Program. Originally released as a pilot program in 2022, the program is now widely available and offers eligible homebuyers a $15,000 grant to help with down payment and closing costs.