Need an affordable apartment or know someone who does? Vermont has plenty of options! There are vacancies in 15 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.
Housing in the news
Demand drives new home construction in northwest Vermont
Demand for apartments and denser neighborhoods is driving home construction in Chittenden and Franklin counties this year according to a recent article in Vermont Business Magazine that surveyed area builders and housing experts, including VHFA Executive Director Sarah Carpenter.
Carpenter explained that "more people are delaying the purchase of their first home and that in turn has put pressure on the rental market."
The number of multifamily project building permits in the Burlington South Burlington area shot up 72% during the first half of 2016 over the same period a year earlier, according to the National Association of Home Builders.
Rural housing finance: One size does not fit all
Unique features of rural housing require flexible national policies and financing programs, explains Executive Director Sarah Carpenter in her recent article for Rural Voices, a journal of the Housing Assistance Council.
Carpenter provides numerous examples of how the small-scale nature and sparce dispersion of the population in Vermont creates special challenges for financing owner and rental housing given recent trends toward more standardization of national mortgage finance practices.
Vermont housing leaders advise HUD Secretary on importance of federal support, coordination, flexibility and working effectively in rural areas
At the invitation of Senator Patrick Leahy, U.S. Department of Housing and Urban Development Secretary Julian Castro visited Burlington yesterday to meet with the state’s housing leaders and attend a ribbon-cutting at the new Bright Street affordable housing project.
Need an affordable apartment?
Need an affordable apartment or know someone who does? Vermont has plenty of options! There are vacancies in 29 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.
Need an affordable apartment?
Need an affordable apartment or know someone who does? There are vacancies in 7 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.
Need an affordable apartment?
Need an affordable apartment or know someone who does? There are vacancies in 7 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.
Chittenden County leaders call for increased production of housing over next 5 years
Building Homes Together was launched yesterday. It is a collaboration of organizations and communities seeking to remedy some of the most pressing challenges in Chittenden County’s housing market.
“The housing shortage in Chittenden County has been well noted with unhealthy vacancy rates and high rents,” added Charlie Baker, Executive Director of the Chittenden County Regional Planning Commission. “Employers can’t find workers, and workers themselves spend more time in commutes and with a higher percentage of their paychecks on housing costs.”
Together over 100 individuals representing local municipalities, institutions, employers, bankers, builders, and others -- including VHFA -- have signed on to support this effort.
High rents put Vermont’s housing wage far above average wage or minimum wage
A modest, two-bedroom apartment costs $1,099, according to the annual Out of Reach report from the National Low-Income Housing Coalition. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn an hourly “housing wage” of $21.13—far more than Vermont’s minimum wage of $9.60 or the average wage among the state’s renters ($11.79).