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VHFA News

Posted by: admin on May 1, 2007 - 9:45am

BURLINGTON—Executive Director Sarah Carpenter announced that Lori J. Gilding of South Burlington has joined VHFA as Executive Assistant. Gilding coordinates VHFA Board of Commissioners activities, provides administrative support to executive managers, and assists the Office Manager with Agency functions. Gilding served as Legal Assistant/Marketing Coordinator at Burlington law firm Dinse, Knapp & McAndrew PC beginning in January 2005. Before that, she was an Executive Assistant at Lane Press Inc. in South Burlington. She also was the Bookkeeper/Office Manager of Gilding Electric, a family-owned business she established in South Burlington in 1998. VHFA was created by the Vermont Legislature in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped more than 25,000 Vermont households with affordable mortgages and financed the development of almost 7,000 affordable rental units.

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Posted by: admin on April 16, 2007 - 4:24am

BURLINGTON—Executive Director Sarah Carpenter announced that Joshua Slade of Colchester has joined VHFA as Multifamily Operations Specialist. Slade provides support to the Agency’s Multifamily Development and Multifamily Asset Management departments, including aspects of originating, underwriting, closing and servicing of multifamily loans and tax credit projects. He is also responsible for the integrity of the departments’ data in a variety of databases, such as the Directory of Affordable Rental Housing (DoARH) at Vermont Housing Data (www.housingdata.org). Slade served a year as an intern Multifamily Operations Specialist at VHFA while he completed his education at Burlington’s Champlain College. He earned his Bachelor of Science in Paralegal Studies in May 2004. After graduating, he spent three years as Co-op and Community Organizer at Champlain Housing Trust, formerly Burlington Community Land Trust, in Burlington. VHFA was created by the Vermont Legislature in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped more than 25,000 Vermont households with affordable mortgages and financed the development of almost 7,000 affordable rental units.

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Posted by: admin on March 5, 2007 - 3:39am

BURLINGTON—VHFA Development Underwriter Liza Vedder Plantilla has been elected President of the 15- member Board of Directors of the Vermont Green Building Network in Burlington. “I look forward to reaching out to those who want to ensure buildings are constructed, rehabilitated and maintained in a way that's environmentally responsible,” says Plantilla, who has served as the network’s Treasurer for two years. “Green building isn’t anything new to Vermonters. It’s a solid building ethic that includes conservation of materials, and minimizing waste and environmental impact. We've been doing that in New England for a long time. “Now the industry is coming of age,” she adds, “the Vermont Green Building Network wants to ensure Vermonters have access to the wealth of information and products that are available to them as they focus on sustainable building.” The Vermont Green Building Network, the Vermont chapter of the United States Green Building Council, is a non-profit organization dedicated to increasing Vermont’s participation in green building. It promotes the environmental, financial, community and health benefits of green design, construction and building operation practices. For more information about the Vermont Green Building Network, go to the organization’s Web site: www.vgbn.org. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, VHFA has helped more than 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency Web site, www.vhfa.org.

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Posted by: admin on February 22, 2007 - 2:56am

BURLINGTON— Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced that Erin Philbrick of Milton and Renee Couture of Burlington have been promoted. Philbrick, who has been with the Agency since 2001, was promoted from Multifamily Operations Specialist to Multifamily Management Officer. In her new position, Philbrick is responsible for asset management on a portion of the multifamily rental projects in VHFA’s portfolio — monitoring their financial and physical well-being and providing ongoing management advice and guidance on all aspects of the successful operation of low- and moderate-income rental units. Philbrick will also participate in workouts and financial restructuring for portfolio loans. Couture, who has been with the Agency since 2002, was promoted from Executive Assistant to the new position of Legal Coordinator. In her new position, Couture assists the Agency’s General Counsel in providing legal advice to and performing legal functions for the Agency, including oversight of corporate records management, program and procedure review and closings of multifamily mortgage loans for construction, acquisition and rehabilitation, preservation, and ownership transfer involving multiple lenders, Low Income Housing Tax Credits, bond financings and other sources of funding. She also provides assistance with the development and implementation of Agency policies and procedures, and performs legal research. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for low- and moderate-income Vermonters. Since it’s inception, VHFA has helped more than 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency Web site, www.vhfa.org.

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Posted by: admin on February 16, 2007 - 3:30am

BURLINGTON— Vermont Housing Finance Agency (VHFA) has good news for prospective homebuyers — a lower mortgage interest rate. VHFA has lowered the rate on a 30-year, no points, fixed rate loan to 5.65 percent. The new rate became effective Feb. 12. “We’re always looking for opportunities to lower our rates whenever market conditions allow,” explained VHFA Executive Director Sarah Carpenter. “Even minor adjustments in our rate make a big difference in the amount of home a borrower can purchase in Vermont’s tight housing market.” The Agency’s previous 30-year, no points fixed interest rate was 5.75 percent. “VHFA is always looking for ways to help Vermont homebuyers,” Carpenter added, “whether through lower rates, or our ongoing support of the NeighborWorks® HomeOwnership Centers of Vermont.” VHFA offers a variety of mortgage loan products to qualified buyers, with different interest rates. (See rates table on our Web site: www.vhfa.org) Rates are subject to change. Income and purchase price limits apply. Prospective borrowers should contact their local lenders for more details. A list of lenders that offer VHFA’s products is also available on the Agency’s Web site. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for low- and moderate-income Vermonters. Since it’s inception, VHFA has helped more than 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency Web site, www.vhfa.org

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