Your comments needed on Chittenden County ECOS housing and other reports

Reports analyzing Chittenden County's housing needs, economic development, natural resources,  transportation, land use, education, public health and energy issues have been completed for the ECOS project.   All communities, organizations and residents are encouraged to review and comment on these reports by December 31 through the ECOS website.   VHFA prepa

Planning for Burlington's downtown and waterfront

VHFA recently completed an assessment of the demographics, housing stock, and affordability challenges of residents in Burlington's downtown and waterfront neighborhoods.   

This area experienced a much higher rate of population growth during the past decade than the city as a whole.  It's primarily renter population has lower incomes on average, with a third spending more than half of their incomes for housing. 

Vermont economy recovering amidst global and national challenges

Vermont's econonomy outperformed the U.S. during the past 12 months, with tax revenues that exceeded projections by 2.5%.  Nevertheless, state economists cautioned the legislature and administration of the risks here in Vermont should national policy makers fail to reach an agreement about raising the U.S. debt ceiling. 

Home prices in Vermont will likely continue to decline slightly during the next 3 months, the economic report to the legislature explained.  After that, Vermont's real estate market is likely to begin "an extended period of very low price appreciation."

Rising home prices helps owner's kids earn more

Federal Home Loan Bank of Boston logoResearch shows a new way of considering the impact of rising house prices: higher prices mean higher incomes for existing homeowners’ children as they age. Unfortunately, the increase in prices also reduces the earning levels of renter’s children in the future.

Report: Average rent more than SSI payment

The national average rent for a modestly priced one-bedroom apartment is more than the entire Supplemental Security Income (SSI) of a person with a disability, according to a study released today by the Consortium for Citizens with Disabilities Housing Task Force and the Technical Assistance Collaborative (TAC).

HUD: Chronic homelessness down, family homelessness up

The U.S. Department of Housing & Urban Development (HUD) this week released its "2010 Annual Homeless Assessment Report to Congress."

Report: Home sales slow

Existing home sales remain depressed and new home sales are at near record lows, according to The State of the Nation’s Housing. The report was released today by Harvard University's Joint Center for Housing Studies.

Housing/wages presentation coming to Bennington

VHFA Policy & Planning Manager Maura Collins will present results from VHFA's 2011 "Between a Rock and a Hard Place: Housing and Wages in Vermont" report at the annual meeting of the Regional Affordable Housing Corp. (RAHC), May 18.

The group will also be electing directors and officers, and offering hors d'ourves and a cash bar.

Report: Housing problems exacerbated for people with disabilities

Households that include people with disabilities are more likely than others to have very low-incomes, pay more than half of their income for rent, and have other housing problems, such as living in inadequate or overcrowded housing, according to the U.S.

Housing/wages report in Stowe Reporter, Herald/Argus

The Stowe Reporter published a story today about last week's "Between a Rock and a Hard Place: Housing and Wages in Vermont."

The article, "Poverty in Vermont: Housing costs put squeeze on poor," is the second in a three-part series devoted to challenges of the poor. Read the article online.


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