Multifamily management

VHFA hosted a conversation with the affordable housing community and policy leaders on April 2  about the challenges in insuring multifamily affordable housing in Vermont and nationally. The two-hour webinar included:

Seventy-five percent of affordable multifamily housing developments surveyed nationally reported insurance premium hikes over 10% between 2022 to 2023 according to a National Multifamily Housing Council report.

If you are one of the many Vermonters whose home was damaged by flooding earlier this month, public resources for temporary housing and home repair may already be available. 

A new program offered by the U.S. Department of Housing and Urban Development (HUD) will offer $837.5 million in grants as well as $4 billion in loan authority to help property owners to carry out energy efficient retrofits of HUD-assisted multifamily affordable housing. The Green and Resilient Retrofit Program (GRRP) is part of the Inflation Reduction Act (IRA) passed by Congress last August.

The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced this week that its annual award of federal housing tax credits will support the construction of 109 permanently affordable apartments in five communities across the state. The sale of this year’s tax credits to investors is expected to yield nearly $25 million in funding, which will cover an estimated 55 percent of total project development costs. 

The Federal Home Loan Bank of Boston (FHLBB)'s Affordable Housing Program (AHP) will begin to accept applications on June 6, 2022. The program will award a minimum of $10.6 million in subsidy funding through member institutions to organizations promoting homeownership and rental housing opportunities for low income households.

Do you need an affordable apartment, or know somehow who does? 

According to the Vermont Directory of Affordable Rental Housing, 50 affordable housing properties throughout the state have vacancy listings. To learn more about specific apartments, requirements and availability, click on the name of the property below or visit the vacancy profile link on our website. 

Are you or someone you know in need of an affordable rental apartment? According to the Vermont Directory of Affordable Rental Housing, there are apartments vacant in 50 affordable housing complexes throughout the state of Vermont.

Mental health update– June 9

Presented by Thomas Burr, NAMI Connecticut, Inc.