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Housing in the news

Housing resources during the COVID-19 outbreak

VHFA is aware that many homebuyers, current homeowners, and property owners may have questions and concerns about buying a home or paying their mortgage during the COVID-19 outbreak.  To address these issues, VHFA has compiled a list of resources:

For homebuyers

VHFA continues operations during COVID-19 outbreak

In the midst of the unprecedented outbreak of COVID-19, VHFA is committed to continuing to provide excellent service to its partners while also safeguarding the health of its staff and of the community. To that end, as of this week, VHFA will be limiting the number of staff in our office. The majority of VHFA staff will be working from home. Our staff responses may be slightly delayed due to the change in conditions, and we appreciate your patience as we adjust.

[Update: VHFA's office is closed to the public as of 3/24/20. The majority of VHFA staff continue to work from home]

VTDigger publishes Q&A with Maura Collins

VHFA Executive Director Maura Collins was recently interviewed by Anne Wallace Allen of VTDigger.  The interview discussed why housing continues to be a major challenge for Vermont, and how the state and local communities can help make housing more affordable.

Excerpts from the interview are reprinted below:

VTDigger: Why is housing such a problem in so many areas? Is it worse in Vermont?

Maura Collins interviewed by Tax Credit Advisor magazine

VHFA Executive Director Maura Collins
VHFA Executive Director Maura Collins

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 homebuyers can receive up to $2,000 in tax credits with VHFA

Great news!  A Mortgage Credit Certificate provides a mortgage interest tax credit benefit for homebuyers whether or not deductions are itemized. 

A Mortgage Credit Certificate is a federal tax credit for up to $2,000 and unlike a tax deduction, a Mortgage Credit Certificate reduces federal tax liability dollar for dollar for homebuyers.

 

How is a Mortgage Credit Certificate obtained?

Vermont towns can improve housing affordability

With town meeting day behind us and many new faces elected to local office across the state, this post shares a few key housing resources for towns.  

A growing number of Vermont communities seeking economic and community vibrancy through housing have taken foundational steps of conducting local needs assessments and appointing housing commissions.  These commissions are typically charged with recommending policy changes that will ensure the local housing stock offers options affordable at a range of income levels.

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.

Impact of federal government shutdown on Vermont housing programs

As the federal government shutdown continues into its third week, many in the affordable housing community have expressed concern about what it might mean for their programs. Vermont Housing Finance Agency will remain open throughout the shutdown. However, some of the federal program funding that VHFA and its partners administer may be affected if the shutdown persists. 

U.S. Department of Housing and Urban Development (HUD)

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