-A A +A

Housing in the news

VHFA diligent during foreclosure procedures

Last week, Vermont joined other states in examining complaints some mortgage firms have engaged in questionable practices during foreclosure proceedings.

At the center of the investigation is "robo-signing," when mortgage service employees with no knowledge of a particular case sign foreclosure documents.

Thomas Candon, Banking Commissioner at the Vermont Department of Banking, Insurance, Securities and Health Care Administration and a VHFA Commissioner, said his office hasn't received any complaints regarding this practice.

VHFA's low delinquencies, foreclosures on VPR

VHFA Executive Director Sarah Carpenter appeared in a news segment aired by Vermont Public Radio yesterday and today about the Agency's low delinquency and foreclosure rates.

Read the transcript online.

Cedar's Edge groundbreaking

Sen. Bernie Sanders yesterday joined a number of housing officials at the groundbreaking of Cedar's Edge, an apartment complex on Susie Wilson Road in Essex. The 30-unit building, being developed by Champlain Housing Trust and Housing Vermont, will include 25 units designated for income-eligible tenants. VHFA provided construction financing and allocated Tax Credits to the project. The event was covered by some local media:

AP: More than half exit foreclosure-relief program

The Associated Press reports that, as of last month, approximately 680,000 of homeowners who entered the federal government's mortgage relief program, have been disqualified. That's 51% of all participants, up from 48% the previous month.

Those figures, released by the U.S. Treasury Department yesterday, might reflect the complex nature of fixing the nation's housing crisis.

Read the AP story online.

Green historic preservation on VPR Wednesday

Tomorrow's "Vermont Edition" on Vermont Public Radio will cover green historic preservation.

They'll talk about a green rehabilitation project underway at Vermont Technical College in Randolph, and visit an efficient passive house Green Mountain Habitat for Humanity is building in Charlotte.

Vermont Edition can be heard at noon and 7 p.m.

Housing tops child-care as most common employee-assistance request

For the first time, more people placing calls to employee-assistance lines are requesting help for housing problems than for the previously most common reason, child care.

The numbers come from a new report by ComPsych, which has tracked employee-assistance calls since 1984. The report looked at 25,000 calls placed between January and June of this year.

Housing, specifically moving, was the topic of 41% of all calls. Child care had 32%, elder care 17%, and health care, 10%.

Fuel assistance programs low on resources

Vermonters who rely on two of Vermont's emergency fuel assistance programs might have trouble receiving help this year.

The Burlington Free Press reports the Warmth Program and the Shareheat Fund — both administered by the Champlain Valley Office of Economic Opportunity (CVOEO) — are underfunded.

“We’ve never, ever gone into a heating season with this few resources,” says CVOEO Community Relations Director Tim Searles. “This is unprecedented."

WSJ: 10 reasons to buy a home

In response to a recent Time magazine cover story titled "Rethinking Homeownership," The Wall Street Journal today published a piece titled "10 Reasons to Buy a Home."

"Maybe there's more pain to come in the housing market," Brett Arends writes, "but when Time magazine starts running covers that declare 'Owning a home may no longer make economic sense,' it's time to say: Enough is enough."

Channel 5 on the Section 8 beat, too

Earlier today we told you about Vermont Public Radio's "Vermont Edition" episode devoted to Vermont's Section 8 housing voucher crisis.

WPTZ-TV Channel 5 also aired a story about it last week.

Watch the video online.

Section 8 waiting list featured on VPR

Vermont Public Radio's "Vermont Edition" devoted an episode to Vermont's Section 8 housing voucher crunch last week.

Vermont State Housing Authority (VSHA) Executive Director Richard Williams appeared on the show, speaking about VSHA's decision to close its 3,000-name waiting list at the end of this month.

Listen to the show online.

Pages

Subscribe to RSS - Housing in the news