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VHCB awards proceeds from Sustainability Bonds to affordable housing projects

In January, Vermont Housing Finance Agency was instrumental in the sale of nearly $37 million in Vermont Property Transfer Tax Revenue Bonds. Proceeds from these bonds, sold as sustainability bonds due to their intended use, support the Housing for All initiative to construct and preserve affordable housing across Vermont. Project development is underway.

Beth Pearce wins lifetime achievement award

VHFA is delighted to congratulate Beth Pearce, who has been selected by Emerge Vermont to receive the 2018 Governor Madeleine Kunin Lifetime Achievement Award. In addition to serving as Vermont State Treasurer, Pearce also has a seat on the VHFA Board of Commissioners.

Elm Place wins national awards for energy efficiency

Elm Place, an apartment building in Milton that was developed with support from Vermont Housing Finance Agency, won three national awards for its use of energy efficient design. The project was developed and is managed by Cathedral Square. The building, which opened its doors last spring, offers 30 units of affordable rental housing for seniors.

House Commerce Committee approves expanding VHFA down payment assistance program

H.R. 766, the bill that includes an expansion of  VHFA’s Down Payment Assistance Program, was approved by the Vermont House Committee on Commerce and Economic Development last week.  Since the program started in 2015, demand among qualified first-time home buyers has been twice what can be funded through the Vermont Affordable Housing Tax Credit, the program’s designated funding source. 

Windy Hollow co-op purchases mobile home community with help from VHFA

Residents of Windy Hollow Cooperative in Castleton are celebrating the successful purchase of their mobile home park, which was assisted by Vermont Housing Finance Agency. The creation of the housing co-op will help retain affordable homes for 44 households.

Need an affordable apartment?

view of Vermont

Need an affordable apartment or know someone who does?  There are vacancies in 24 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.

First-time home buyer testifies about importance of Vermont Down Payment Assistance Program

Yesterday, Ryan Rush-Booth, a Vermont Housing Finance Agency (VHFA) borrower who lives in Stamford, VT, testified at the State House in support of doubling VHFA’s Down Payment Assistance program funding. Rush-Booth works in IT at Southwestern VT Medical Center. When they first moved to Vermont six years ago, Ryan, his wife, and their two young children moved in with family because they could not find affordable housing.

National research shows widespread discrimination against minority mortgage applicants

A new report from the Center for Investigative Reporting reveals that lenders across the United States are denying conventional mortgage loan applications for African American and Latino applicants at higher rates than comparable White applicants.

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