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Posted by: VHFA on 5/13/2008

chronic homelessness reportVHFA has just published "The Costs and Benefits of Assisting Vermont's Chronic Homelessness."

The 14-page report compares the costs of repeatedly serving people with serious disabilities and long histories of homelessness through expensive systems such as emergency rooms, prisons, and shelters with the costs of providing permanent supportive housing. It draws from studies already done in communities across the country.

The report was written and published by staff members from VHFA, Vermont Housing & Conservation Board and Vermont Agency of Human Services, with review by The Carsey Institute at the University of New Hampshire.

Read the study online (948 kb; PDF), or contact VHFA to receive hardcopies.

Posted by: admin on 5/13/2008

BURLINGTON, VT  Gov. Jim Douglas has appointed Thomas N. Pelletier of Montpelier to the VHFA Board of Commissioners. “Tom’s been a highly-respected member of Vermont’s lending community for a decade,” says Executive Director Sarah Carpenter. “We’re all looking forward to the energy and fresh perspective he’ll bring to our Board.” Pelletier has been President and Chief Executive Officer of Northfield Savings Bank in Northfield since 1998. He serves as a Director of the Vermont Chamber of Commerce, Public Television of Vermont, Norwich University Applied Research Institutes, Ltd. and the Central Vermont Economic Development Corp.; a Trustee of Carrabassett Valley Academy in Carrabassett Valley, Maine; and a member of the Community Bankers Council of the American Bankers Association. Pelletier fills the vacancy created by the departure of Paul Beaulieu, former Executive Vice President/Chief Operating Officer of Factory Point National Bank. VHFA’s Board of Commissioners governs the Agency. The Board includes four ex-officio members and five members appointed by the Governor of Vermont, representing private and public lending, real estate, and housing development interests. 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 approximately 26,000 Vermont households with affordable mortgages and financed the development of 7,400 affordable rental units.

Posted by: VHFA on 5/12/2008

Valley Cares (West River Valley Senior Housing & Assisted Living) has won a Charles L. Edson Tax Credit Excellence Award from the Affordable Housing Tax Credit Coalition (AHTCC) in Washington, D.C.

AHTCC presents the awards each year to the most outstanding Housing Credit properties in six categories, celebrating the best in affordable rental housing development.

The West Townshend property won in the Senior Housing category.

Valley Cares will receive a $5,000 grant to develop additional services, facilities, or amenities for its residents.

AHTCC is a non-profit organization consisting of syndicators, developers, lenders and other organizations involved with the Housing Credit program.

VHFA is responsible for allocating Housing Credits in Vermont. Read more about Housing Credits at the VHFA Web site.

Posted by: VHFA on 5/6/2008

This past weekend's COTS Walk raised $143,000 to benefit the Committee on Temporary Shelter (COTS) in Burlington.

The annual 3-mile walk around downtown Burlington raises money and awareness to benefit COTS's mission to provide emergency shelter, services, and housing for the homeless.

Mark your calendar: Next year's COTS Walk is set for Sunday, May 3.

Posted by: VHFA on 5/5/2008

kids craft dayVHFA held its second annual Kids Craft Day yesterday, to benefit the United Way.

Children aged 3-12 participated by making a variety of craft projects and a Mother's Day card in the VHFA Board Room.

By charging each child's parent/guardian a participation fee, the event raised $200 for the United Way of Chittenden County.

VHFA is a long-time supporter of the United Way, winning the organization's "President's Award" and "Campaign of the Year" in past years.

The Agency's United Way Committee consists of Scott Baker, Kathy Cawley, Lori Gilding, Pat Loller, Martha Panton, Erin Perrin and Ann-Marie Plank.