Report: Recession likely to keep poverty rate high for years

According to researchers at the Brookings Institution, the poverty rate among all Americans is likely to remain above 14 percent through 2020, due to the relationship between unemployment and poverty.

The situation will be even worse among children, with the poverty rate remaining above 21 percent through 2020.

The worst year is likely to be 2014, with at least 16 percent of all Americans and 26 percent of all children living in poverty.

VHFA to write state plan to end homelessness

VHFA has been hired by the Vermont Agency of Human Services (AHS) to write the state's 10-year plan to end homelessness.

VHFA expects to spend five to six months researching, writing, soliciting feedback and making final revisions to the report. We plan to release it during the next legislative season.

More affordable rental and owner units needed in Hinesburg

Approximately 70-80 additional housing units are needed in Hinesburg, Vt., to meet demand among current and prospective residents, according to a June 2010 report for the Hinesburg Affordable Housing Committee prepared by consultants from Development Cycles and Housing Strategies.

Economic recovery slow to reach long-term unemployed

A recent report by Rutgers University, entitled "No End in Sight:  The Agony of Prolonged Unemployment," describes the pervasive nature of unemployment among people who lost their jobs during the recent recession.

The report is based on a national survey of 900 people who were unemployed in August 2009. Participants were then re-interviewed six months later in March 2010.

The study found:

Housing market lags in Vermont's economic recovery

reportEven though the state’s economy is recovering by many indicators, economists project a continued decline in Vermont home prices and foreclosure rates hovering at an all-time high through at least mid-2011.

All states except North Dakota experienced home sales declines in January-March 2010 relative to 12 months earlier, according to Federal Housing Finance Agency repeat sales indices.

HUD: Family homelessness continues to rise

The number of homeless families in the U.S. rose for the second year in a row, according to The 2009 Annual Assessment Report to Congress recently completed by HUD.

This rise shows the impact of the economic downturn “on the housing stability of low-income and vulnerable Americans,” the report explains.

Report: Unaffordable housing hampers local employment growth

report coverStatistical research confirms unaffordable housing has broad impacts for local economies.

Study: LIHTC improves economic conditions of residents, neighborhoods

Recent New York City-based research demonstrates residents of tax credit-financed apartments pay $500 less than monthly market rents, more than doubling the discretionary income available to each household for other necessities. The June 2010 report shows these income savings boost local purchasing power, "contributing to retail vitality of the neighborhood."

Housing/wages event on Channel 17

A couple more chances to see the press conference we held a couple weeks ago to announce publication of "Between a Rock and a Hard Place: Housing and Wages in Vermont" on Channel 17/Town Meeting TV:

  • Sunday, July 4 at 5:40 and 11:40 a.m.

Channel 17 serves the communities of Burlington, South Burlington, Essex, Essex Junction, Winooski, Williston, St. George, and parts of Colchester.

Report: Community land trust homeowners have lower foreclosure, delinquency rates

News from our friends across the street at Champlain Housing Trust (CHT): A new study shows community land trust homeowners have lower foreclosure and delinquency rates.


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