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Press Releases

Strength of VHFA bonds prompts Fitch to upgrade rating to AA+

Strong financial performance contributed to a rating upgrade from AA to AA+ for Vermont Housing Finance Agency (VHFA)'s multiple purpose bonds from Fitch Ratings last week. AA+ is the second highest possible rating from Fitch. The rating applies to all outstanding long-term debt under the multiple purpose program and should help lower the cost of affordable housing financing through VHFA.

Vermont Housing Finance Agency completes successful sale of state tax credits

Vermont Housing Finance Agency (VHFA) worked with local financial institutions to fund affordable homes that will be sold to low- and moderate-income Vermonters. Passumpsic Bank, Mascoma Bank, Union Mutual Insurance, Community National Bank, and Union Bank invested in Vermont Affordable Housing Tax Credits available through VHFA.
 

Eric Hoffman joins VHFA as Manager of Business Development – Homeownership

Executive Director Maura Collins announced that Vermont Housing Finance Agency (VHFA) has selected Eric Hoffman of Essex Junction as its new Manager of Business Development – Homeownership.

Chris Flannery joins VHFA as Chief Financial Officer

Executive Director Maura Collins announced that Vermont Housing Finance Agency (VHFA) has selected Chris Flannery  as its new Chief Financial Officer (CFO), following an extensive national search. Flannery comes to VHFA from Oak Ridge Financial in Minneapolis, where he served as Managing Director, Structured Finance.

VHFA unveils new paid parental leave policy

Vermont Housing Finance Agency (VHFA) is proud to announce that it will expand its parental leave policy to offer six weeks of fully paid parental leave for its employees, effective immediately.

VHFA welcomes two new Development Underwriters

Executive Director Maura Collins announced that Vermont Housing Finance Agency (VHFA) has hired Megan Roush of Northfield and Bill Schrecker of Burlington as Development Underwriters.

Roush comes to VHFA from the U.S. Department of Agriculture (USDA) Rural Development, where she served the past four years as a Vermont Housing Loan Specialist and Public Information Officer. Roush is a graduate of Saint Michael’s College.

VHFA distributes increased federal tax credits to build hundreds of affordable apartments statewide

The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal and state housing tax credits will support the development of 214 permanently affordable apartments in nine communities across the state. Low and moderate income Vermont renters will benefit from a 12.5 percent increase in Vermont’s annual allocation enacted by Congress last year.

Katie Buckley and Fred Baser appointed to VHFA’s Board of Commissioners

Governor Phil Scott has appointed Katie Buckley of Brattleboro and Fred Baser of Bristol to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners.

Seth Leonard joins VHFA as Managing Director of Community Development

Executive Director Maura Collins announced that Vermont Housing Finance Agency (VHFA) has hired Seth Leonard of Winooski for the newly created position of Managing Director of Community Development. Leonard comes to VHFA from the USDA Office of Rural Development, where he served as Housing Program Director for Vermont and New Hampshire. Prior to that, Leonard worked at VHFA for four years as Homeownership Outreach Coordinator.

New England Federal Credit Union gives $500,000 for affordable homes in Northwest Vermont

New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $500,000 grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the area’s shortage of housing affordable to Vermonters with low and moderate incomes. The money will support construction and renovation costs for perpetually affordable homes in Bristol, Jericho and several other towns. 

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