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Multifamily management

Common rental application for housing assistance in Vermont

Over the past 18 months, VHFA, the Vermont Housing Managers Association (VHMA) and other statewide housing providers and advocates have been working on the concept of developing a universal rental application that could meet the basic needs of most housing programs in Vermont.  A streamlined approach has been requested by rental applicants, case managers and social service agencies working with rental applicants for years.  The need to simplify the process was identified in June at Governor Shumlin’s Housing the Homeless Summit and is even more press

Act 68 certification deadline for 2011

We've posted the 2011 application deadline for Act 68 subsidized rental housing certification: Feb. 25.

Act 68 categorizes all Vermont properties as "homestead" or "non-homestead," charging a higher tax rate for non-homestead properties.

Subsidized housing buildings are, by default, considered non-homestead properties under Act 68. Luckily, the law allows owners/managers of those properties to apply to reduce their assessment to reduce their tax burdens to something more akin to homestead status.

Managers: Upload your vacancies

A quick reminder for owners and managers of subsidized rental properties in Vermont: You can post your vacancies online, free, at the Directory of Affordable Rental Housing (DoARH).

With Hurricane Earl bearing down on the Northeast this weekend, this might be a good time to make sure the DoARH contains all your current vacancies.

Essential maintenance reminder for multifamily properties

VHFA will start requiring multifamily properties provide proof property owners/managers have filed annual compliance statements with the Vermont Department of Health regarding essential maintenance practices (EMP).

In an effort to reduce exposure to harmful lead, owners and managers must complete EMP in all rental housing built before 1978 and file annual compliance statements with the Vermont Department of Health.

HUD revises income limits, rents

The U.S. Department of Housing & Urban Development (HUD) recently updated its Section 8 Income Limits and released income limits for tax credit and tax-exempt bond projects.

One major change: HUD has eliminated its hold-harmless policy in the 2010 limits. Projects placed in service after May 14 will be affected.

VHFA Assistant Director of Multifamily Programs Kim Roy has written a memo on the changes for owners and managers of Low-Income Housing Tax Credit properties. The new limits are also attached to the memo.

Attorney General works to reduce lead in homes

bill sorrell

The Office of Vermont Attorney General Bill Sorrell (pictured) recently contacted nearly 30 landlords requesting they demonstrate compliance with Vermont's lead law.

The letters, mailed to 27 landlords in Chittenden and Washington counties, are just the latest round of requests Sorrell has sent.

HUD publishes property inspection scores online

The U.S. Department of Housing and Urban Development (HUD) has started publishing information regarding the physical condition of public housing and multifamily units.

The data can be downloaded state-by-state as PDF documents, or nationwide as a comma-delimited text file at the HUD site.

The initiative is part of President Obama's initiative of making government more open and transparent.

Updated > Subsidized housing certification application

The 2010 Subsidized Housing Certification Application (PDF) is now available for download from VHFA.

This document is required for owners/managers of subsidized housing who wish to have their buildings taxed at the lower "homestead" rate.

Deadline for the application is Feb. 22, 2010.

Multifamily managers: List your vacancies

data site logoQuick reminder that the Directory of Affordable Rental Housing (DoARH) Web site lets all managers of subsidized housing in Vermont post their vacancies for free.

Visited by hundreds of people each week, the DoARH is an easy-to-use, central location to publicize your vacancies, and it helps meet your Fair Housing posting requirements.

Budget docs available for multifamily properties

VHFA Director of Multifamily Programs Sam Falzone reminds owners and managers of VHFA-financed multifamily properties, "It's that time of year again: Summer is coming to an end, kids are headed back to school and it’s budget time."

We've placed the documents you need for your 2010 operating budgets on our Web site.

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