From the Washington Post: Despite the looming fight in Washington over taxes and government spending, now isn’t the time to curtail tax breaks that benefit homeowners, says Department of Housing and Urban Development secretary Shaun Donovan.
Housing in the news
Seven Days spotlights Burlington’s King Street neighborhood
Check out Seven Days to read about changes occurring in the neighborhoods around Burlington's King Street. With offices in the heart of this neighborhood, VHFA is helping with the redevelopment of the Wharf Lane and Bobbin Mill apartment buildings through loans and tax credits.
HUD approves $21.6 million 2011 flood recovery plan
The U.S. Department of Housing and Urban Development (HUD) announced yesterday the approval of the State of Vermont’s disaster recovery plan totaling $21.6 million in emergency aid to help several Vermont communities recover damage inflicted by Tropical Storm Irene last August, acccording to Vermontbiz.com.
Weston Trailer Park recovers after Irene
Vermont home prices hit bottom
Housing and real estate markets in both the U.S. and Vermont, as measured by home prices are probably close to or just past their "cyclical troughs", according to economists at Kavet, Rockler, and Associates.
Vermont was one of nineteen states that experienced positive year-over-year home price appreciation in the first quarter of 2102, according to the latest report from the economists.
Vermont's tight housing market in the news
Rising rents, high home prices, and flat wages continue to make it difficult for thousands of Vermont households to balance housing costs with the many other demands made on their slim incomes, according to last week's Stowe Reporter.
Sarah Carpenter, VHFA's Executive Director, and Sarah Neely, crisis counselor at the Central Vermont Community Action Council, were featured in the article.