Yesterday the U.S. Senate Banking, Housing and Urban Affairs Committee voted unanimously to support the Frank Melville Supportive Housing Investment Act of 2010 (S.1481). The legislation reforms the U.S. Department of Housing & Urban Development's (HUD) Section 811 Supportive Housing for Persons with Disabilities.
Effective today, revised fair market rent (FMR) levels will be used to determine the amount of assistance paid by the U.S. Department of Housing and Urban Development (HUD) for apartments held by thousands of low-income households across the state.
FMRs increased 7%, relative to last year, reflecting market rents that've continued to rise and methodology refinements HUD made during recent months.
Housing Vermont presented two awards at its September meeting of its Board of Directors: Paul Stewart received the Michael M. Richardson Award; Marty Martinez received the Mile Jensen Award.
The Michael M. Richardson Award recognizes outstanding leadership, volunteer commitment, and the contribution of resources that enhance Housing Vermont’s ability to provide permanently affordable housing for Vermonters.
Fitch Ratings has assigned 'AAA' ratings to $30 million of VHFA mortgage revenue bonds.
Rating outlook for the bonds — Series 2010A and Sub-series 2009A-1 — is stable, according to Fitch.
'AAA' is the firm's highest rating.