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VHFA News

Posted by: admin on October 11, 2006 - 10:57am

BURLINGTON—Vermont Housing Finance Agency (VHFA) is selling holiday note cards to benefit the United Way of Chittenden County. The full-color cards are printed on recycled stock with earth-friendly vegetable-based ink, and feature original artwork donated by Polly Thibault, who works as a Loss Management Specialist for VHFA. VHFA is selling the cards with envelopes in packs of 10 for $10 through the VHFA Web site at www.vhfa.org/united_way.php. Orders can be placed online, or submitted using a printable PDF form available at the site. “VHFA is a strong supporter of United Way of Chittenden County,” according to Executive Director Sarah Carpenter. “I’m proud of the generosity staff members exhibit every year by choosing to give to the United Way, and am excited at the prospect of raising even more money for such a worthy cause through this year’s note card sale.” All proceeds from the sale will help fund the many member organizations the United Way of Chittenden County supports to improve the lives of people in Chittenden County, including a number of organizations that help Vermonters with affordable housing, such as: Chittenden Community Action, Committee on Temporary Shelter (COTS), HomeShare Vermont and Vermont YWCA Inc. The order deadline is Friday, Nov. 4. Cards will be mailed to buyers no later than Nov. 16. Printing costs for this project have been generously discounted by L. Brown & Sons Printing Inc. of Barre. 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 September 29, 2006 - 8:04am

BURLINGTON— Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2006: Michelle Shambo, Chittenden Bank, Middlebury, Addison County; Wendy Chenaille, Bank of Bennington, Bennington, Bennington County; Susan Laferriere, Union Bank, St. Johnsbury, Caledonia and Essex counties; Jeanne Boucher, New England Federal Credit Union, South Burlington, Chittenden and Grand Isle counties; Carol McKinney, New England Federal Credit Union, St. Albans, Franklin County; Wanda Allaire, Universal Mortgage Corp., Morrisville, Lamoille County; Wanda French, Universal Mortgage Corp., Barre, Orange County; Hope Colburn, Community National Bank, Barton, Orleans County; Laurie Laliberte, Chittenden Bank, Rutland, Rutland County; Lee Youngman, Community National Bank, Montpelier, Washington County; Cathy Eakins, Chittenden Bank, Brattleboro, Windham County; and Kathy Sarnes, Connecticut River Bank, Springfield, Windsor County. "We rely on loan originators at VHFA participating lenders to act as our mortgage sales force," explained VHFA Executive Director Sarah Carpenter. "We're pleased to have originators like these on our team." The Agency's top five lending institutions for 2006 are: New England Federal Credit Union, first; Chittenden Bank, second; Universal Mortgage Corp., third; Community National Bank, fourth; and Union Bank, fifth. VHFA has 33 participating lending institutions around the state that help homebuyers qualify for VHFA mortgage loans. VHFA has several home mortgage loan programs, all of which have income and purchase-price limits. A list of participating lenders and information about VHFA's programs and interest rates can be found on the Agency's Web site: www.vhfa.org. 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 almost 25,000 Vermont households with affordable mortgages and financed the development of nearly 7,000 affordable rental units.

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Posted by: admin on September 29, 2006 - 7:58am

BURLINGTON— Vermont Housing Finance Agency is pleased to announce its top mortgage loan originators for fiscal year 2006: Michelle Shambo, Chittenden Bank, Middlebury, Addison County; Wendy Chenaille, Bank of Bennington, Bennington, Bennington County; Susan Laferriere, Union Bank, St. Johnsbury, Caledonia and Essex counties; Jeanne Boucher, New England Federal Credit Union, South Burlington, Chittenden and Grand Isle counties; Carol McKinney, New England Federal Credit Union, St. Albans, Franklin County; Wanda Allaire, Universal Mortgage Corp., Morrisville, Lamoille County; Wanda French, Universal Mortgage Corp., Barre, Orange County; Hope Colburn, Community National Bank, Barton, Orleans County; Laurie Laliberte, Chittenden Bank, Rutland, Rutland County; Lee Youngman, Community National Bank, Montpelier, Washington County; Cathy Eakins, Chittenden Bank, Brattleboro, Windham County; and Kathy Sarnes, Connecticut River Bank, Springfield, Windsor County. "We rely on loan originators at VHFA participating lenders to act as our mortgage sales force," explained VHFA Executive Director Sarah Carpenter. "We're pleased to have originators like these on our team." The Agency's top five lending institutions for 2006 are: New England Federal Credit Union, first; Chittenden Bank, second; Universal Mortgage Corp., third; Community National Bank, fourth; and Union Bank, fifth. VHFA has 33 participating lending institutions around the state that help homebuyers qualify for VHFA mortgage loans. VHFA has several home mortgage loan programs, all of which have income and purchase-price limits. A list of participating lenders and information about VHFA's programs and interest rates can be found on the Agency's Web site: www.vhfa.org. 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 almost 25,000 Vermont households with affordable mortgages and financed the development of nearly 7,000 affordable rental units.

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Posted by: admin on September 28, 2006 - 10:16am

BURLINGTON—Sarah Carpenter, Executive Director of Vermont Housing Finance Agency, has been re-elected to the Board of Directors of the National Council of State Housing Agencies (NCSHA). “I look forward to continuing to serve on NCSHA’s board for a second term,” Carpenter says. “The past two years have afforded me the chance to work with professionals involved in many aspects of housing from across the county. The challenges Vermont faces in growing its inventory of affordable housing is shared by many states. Yet this issue rarely gets the attention it deserves on the federal level. NCSHA’s work is vital in continuing to promote the cause of affordable housing throughout the country.” Carpenter joined the NCSHA Board in 2004. Her re-election was announced during the association’s annual conference in San Francisco, Calif., in late-September. A native of Burlington, Vt., Carpenter joined VHFA as Executive Director in 1998. From 1983- 1998, she served as the Executive Director of Cathedral Square Corp. Under Carpenter's direction, Cathedral Square grew to be a nationally recognized leader in combining affordable housing and community services. Prior to her tenure at Cathedral Square, Carpenter held several positions with the Champlain Valley Agency on Aging. Carpenter holds a Masters of Public Administration from Harvard University and a Bachelor of Science in social work from the University of Vermont, graduating cum laude. She has been the recipient of several awards, including the Vermont YWCA Susan B. Anthony Award, the National Organization on Disability Outstanding Contribution Award, and a NeighborWorks® America Government Service Award this August. Carpenter has served on numerous voluntary boards. These include current appointments to the Community Development Advisory Board of the Federal Home Loan Bank of Boston; the Boards of the Vermont Community Development Program, the Vermont Housing and Conservation Trust Fund, and Fletcher Allen Healthcare. Her previous memberships including the national board of the American Association of Homes and Services for the Aging; AAHSA Assurances Limited, a captive liability insurance company; Housing Vermont, Vermont's non-profit statewide equity fund; the Vermont Alzheimer's Association; the Committee on Temporary Shelter (COTS); and a number of other local charitable organizations. NCSHA is a non-profit organization serving as a trade and advocacy group for housing finance agencies nation-wide. More information about NCSHA is available on the Council’s Web site, www.ncsha.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 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 August 24, 2006 - 3:17am

BURLINGTON—Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter received an Honorable Mention in the 2006 NeighborWorks® Government Service Awards. Carpenter received the honor at a ceremony held at the NeighborWorks® Training Institute in Washington, D.C., on Aug. 14. Vermont State Senator and South Burlington City Council Chairman Jim Condos also received an Honorable Mention at the event. “I’m flattered by the mention and proud of VHFA’s accomplishments,” Carpenter says. “In recent years, I’ve been fortunate enough to be part of exciting new mortgage innovations like our Cash Assistance rate option, helping borrowers with downpayment and closing costs; significant policy initiatives, including creating and increasing the Vermont Affordable Housing Tax Credit; and award-winning outreach and education projects such as the Vermont Housing Awareness Campaign and Vermont Housing Data Web site.” The NeighborWorks® Government Service Awards recognize public officials and other leaders who’ve made significant contributions to improving the lives of the people in their communities and/or expanding the supply of affordable housing for low- and moderate-income families. It’s given to one individual at each level: local, state and federal. “Sarah Carpenter has shown an unwavering dedication to, and support for, public policies that advance community revitalization goals,” said Ken Wade, CEO of NeighborWorks® America. “With so many Americans struggling to afford housing, the commitment demonstrated by Sarah at the state government level is ever more important. Her leadership has helped transform Vermont, and we are proud to honor Sarah for her invaluable service to affordable housing.” Carpenter has been a prominent and effective advocate for affordable housing in Vermont for more than 20 years. Under her tenure, VHFA has become known for its creativity and effectiveness in its programs; for its leadership in housing policy and advocacy; and for its many contributions to improving the state’s housing delivery system, including its support for Vermont’s NeighborWorks® HomeOwnership Centers. Carpenter, a native of Burlington, Vt., was appointed VHFA Executive Director in December 1998. From 1983 to 1998, she served as Executive Director of Cathedral Square Corp. in Burlington. She received a Masters of Public Administration from Harvard University and a Bachelor of Science in social work from the University of Vermont, graduating cum laude. NeighborWorks® is a national nonprofit organization created by the U.S. Congress to provide financial support, technical assistance, and training for community-based revitalization efforts. Vermont’s network of six NeighborWorks® HomeOwnership Centers provides homebuyer education, credit and budget counseling, financial assistance for homebuyers and more. Learn more at www.getahome.org. 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. Learn more at www.vhfa.org.

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