Major players issue housing finance reform statement

This morning, the National Council of State Housing Agencies (NCSHA), National Association of Home Builders, National Association of Realtors, Mortgage Bankers Association, and others, released a set of "Principles for Restoring Stability to the Nation’s Housing Finance System."

The principles state:

Burlington's question #8 passes

The City of Burlington's Question #8 passed 4,102/1,753 during last week's Town Meeting Day.

You might remember from last week's post ("VAHC urges 'Yes' on Burlington's Question #8") the question dealt with sending a message to Montpelier urging the Legislature to pass a bill protecting at-risk assisted Vermonters and their housing.

VAHC urges "Yes" on Burlington's question #8

The Vermont Affordable Housing Coalition (VAHC) urges Burlington voters to vote "Yes" on Question #8 in tomorrow's Town Meeting Day vote.

The question asks whether or not to send a message to the Legislature to pass a bill protecting at-risk assisted Vermonters and their housing.

VAHC raising funds for "Save Our Homes" campaign

The Vermont Affordable Housing Coalition is seeking to raise $1,500 for its "Save Our Homes" campaign aimed at encouraging the Vermont Legislature to adopt affordable housing preservation legislation.

The funds will go toward producing an information piece in support of a Town Meeting Day ballot item for Burlington voters to send the word to the Statehouse.

Approximately 2,600 affordable housing units in Vermont are in danger of converting to market rate rentals or condominiums over the next several years. Nearly 300 are in Burlington.

Burlington City Council urges state to protect affordable housing

Quick follow-up to yesterday's post about the Burlington City Council voting last night to add a question to the March ballot urging Vermont lawmakers to pass housing preservation legislation ("Support affordable housing at tonight’s Burlington City Council meeting").

The Council unanimously approved the measure.

Support affordable housing at tonight's Burlington City Council meeting

The Vermont Affordable Housing Coalition (VAHC) is encouraging Burlington residents to attend tonight's Burlington City Council meeting and speak out in support of affording housing in Vermont.

The Council is considering adding a question to Burlington's March ballot urging Vermont lawmakers to protect 300 affordable housing units in the Queen City by passing preservation legislation.

According to VAHC, more than 2,500 affordable units are at risk statewide.

U.S. Senate committee votes to support housing for disabled

Yesterday the U.S. Senate Banking, Housing and Urban Affairs Committee voted unanimously to support the Frank Melville Supportive Housing Investment Act of 2010 (S.1481). The legislation reforms the U.S. Department of Housing & Urban Development's (HUD) Section 811 Supportive Housing for Persons with Disabilities.

Congress gives homebuyers more time for tax credit

Congress has granted homebuyers three additional months to close on their properties and still be eligible for federal tax credits.

The bill could be signed into law by President Obama as early as this morning.

The legislation would give buyers until Sept. 30 to complete their home purchases and still qualify for up to $8,000 in tax credits. Previously, buyers had until April 30 to sign a sales contract; June 30 to close.

The bill passed the House Tuesday and the Senate yesterday.

U.S. House passes funding for National Housing Trust

nht logoLast Friday, the U.S. House passed H.R. 4213, the “Tax Extenders Bill.”

The legislation provides $1 billion for the National Housing Trust Fund (NHTF), which will enable communities to build, rehabilitate, and preserve housing for very low income households.

State housing tax credits on the chopping block

sarah carpenterVermont affordable housing advocates, including VHFA Executive Director Sarah Carpenter, are testifying to the House Ways and Means Committee today.

The subject is the House tax expenditure budget bill, which proposes to eliminate the state Affordable Housing Tax Credit, along with the Charitable Housing Tax Credit and Mobile Home Park Sale Credit.


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