VHFA News

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Erin Navin of Williston as Homeownership Outreach Coordinator. Navin is the primary outreach and marketing representative for VHFA’s Homeownership Department. She promotes VHFA’s homeownership programs in Vermont through training and marketing with mortgage lenders, real estate professionals, homebuilder organizations, non-profit organizations and consumers.

BURLINGTON – To celebrate Homeownership Week, Vermont Housing Finance Agency is giving a boost to homeownership across Vermont. VHFA Executive Director Sarah Carpenter announced today that VHFA has increased income and purchase price limits for its homeownership programs in most areas of the state. In addition, VHFA is introducing a special rate option to help home buyers with cash for down payment and closing costs, often major obstacles faced when buying a home.

BURLINGTON—Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for 2005: Kathy Rice, Connecticut River Savings Bank, Springfield, Windsor County; Helen Wachtel, Brattleboro Savings Bank, Brattleboro, and Cathy Eakins, Brattleboro, Chittenden Bank, Windham County (tie); Paul Walsh, Heritage Family Credit Union, Rutland, Rutland County; Donna Kennison, Community National Bank, Troy, Orleans County; Wanda French, Universal Mortgage Corporation, Barre, Orange County; John Romano, Factory Point Bank, Manchester, Bennington County; Michelle Shambo, Chittenden B

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Multifamily Development Underwriter Liza Vedder Plantilla has joined the Affordable Housing Working Group of the U.S. Green Building Council’s LEED for Homes committee. LEED for Homes is a voluntary rating system that promotes the transformation of the mainstream home building industry towards more sustainable practices. The Initiative for Affordable Housing, funded by a grant from The Home Depot Foundation, is a component of LEED for Homes that addresses differences between affordable housing and marketrate housing.

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Leslie Black-Plumeau as Research Analyst. Black-Plumeau provides research support for administration of VHFA programs and development of new housing initiatives. She also designs reports to facilitate the exchange of housing data and research information among VHFA staff members, management, Board of Commissioners, and other housing organizations. Black-Plumeau was Research Analyst at VHFA from 1998 to 2001.

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Tina Franzen of Essex Junction as Accounting Clerk. Franzen joined VHFA in March as an intern handling accounts payable in the Agency’s finance department. She previously worked at Harrington’s of Vermont in Richmond and the United States Postal Service in Essex Junction. Franzen is a graduate of Essex Junction Educational Center and is attending Community College of Vermont in Burlington.

BURLINGTON—Vermont Housing Finance Agency Public Affairs Manager John Fairbanks is attending the Senior Executives in State and Local Government Program at Harvard University’s John F. Kennedy School of Government this month. Fairbanks, who joined VHFA in 2001, was one of 20 applicants nation-wide who is attending the Program as a Fannie Mae Foundation Fellow.

BURLINGTON—Ninety seniors living in Burlington’s New North End will be able to keep their affordable housing thanks to efforts of a team of housing non-profits. Heineberg Senior Housing, an 82-unit apartment complex these seniors call home, was built in 1990 using a combination of public and private funding. It also used low income housing tax credits, which require that rents remain affordable for 15 years.

BURLINGTON— Vermont Housing Finance Agency (VHFA) has dropped the interest rate on a 30-year, no points, fixed rate loan to 5.45 percent. The new low rate is expected to help more Vermonters realize their dream of homeownership. The new rate became effective yesterday. “When market conditions permit, we always take the opportunity to lower rates,” VHFA Executive Director Sarah Carpenter, “but those conditions change constantly, so we can never predict how long any rate will last.

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