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Housing in the news

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)

Affordable housing key to economic prosperity in Vermont towns

With jobs to fill in Vermont’s Upper Valley towns, the lack of housing affordable to potential employees is becoming an obvious economic challenge, according to Vermont Business Magazine.  

Heritage Courts senior housing celebrates major renovation

Residents of Heritage Courts in Poultney are celebrating the recent renovation of their apartment complex. The $3.1 million project was managed by the Housing Trust of Rutland County, which owns the property. The project was funded in large part by VHFA, which awarded both state and federal tax credits as well as loans. This renovation allows Housing Trust of Rutland County to preserve 17 affordable apartments for seniors while significantly improving the energy-efficiency of the complex.

Taylor Street housing and transit center construction begins

Senator Patrick Leahy joined Governor Phil Scott, VHFA Deputy Director Maura Collins, and many supporters in Montpelier on Tuesday to celebrate the groundbreaking of the 1 Taylor Street affordable housing project. The project, sponsored by Housing Vermont and Downstreet Housing & Community Development, will create 19 affordable apartments for low-income Vermonters as part of a 30 unit development incorporating a new city transit center. The project was funded in part by tax credits and a loan awarded by VHFA.

Lawmakers and supporters celebrate groundbreaking of French Block in Montpelier

Senator Patrick Leahy and Congressman Peter Welch joined representatives from the Vermont Legislature, housing advocates, and many other supporters in downtown Montpelier on Tuesday at a groundbreaking ceremony for the French Block affordable housing project. The project, which is a joint effort between Housing Vermont and Downstreet Housing & Community Development, will rehabilitate a historic building to create 14 affordable apartments for low-income Vermonters and four market-rate apartments.

Need an affordable apartment?

view of vermont

Need an affordable apartment or know someone who does?  There are vacancies in 26 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.

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