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Housing tax credit program provides major benefits for Vermont economy

New estimates from the ACTION Campaign demonstrate the significant impact that the Low-Income Housing Tax Credit has had in Vermont, including creating and preserving over 7,000 affordable homes since 1986 and supporting nearly 8,000 jobs per year.

Ribbon cutting celebrated at Allard Square Apartments

VHFA Executive Director Sarah Carpenter joined affordable housing partners in South Burlington last week to celebrate the completion of Allard Square. The project, developed by Cathedral Square Corporation and Synder-Braverman Development Company, created 39 one and two bedroom apartments for seniors, 29 of which will be rented at rates affordable to low income Vermont seniors.

Need an affordable apartment?

Do you need an affordable apartment or know someone who does?  

There are vacancies in 34 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing. Learn more about particular units by clicking on the development name below, or by visiting the vacancy profiles on the website.

New England Federal Credit Union gives $500,000 for affordable homes in Northwest Vermont

New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $500,000 grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the area’s shortage of housing affordable to Vermonters with low and moderate incomes. The money will support construction and renovation costs for perpetually affordable homes in Bristol, Jericho and several other towns. 

Remembering Doug Hemmings, VRSC President and housing advocate

Doug Hemmings, President of Vermont Resident Service Coordinators (VRSC), passed away this week after a brief illness.

In addition to his work with VRSC, Hemmings was Resident & Community Services Coordinator at Highgate Apartments in Barre since 2006. Of his work in resident services, Hemmings said, “At times, I am a counselor, conflict resolution specialist, cruise director, lease compliance cop, professional good listener and chief cook and bottle washer; it all depends on the day and the resident issues.”

Statewide conference draws hundreds to focus on community housing solutions

Over 400 housing professionals from across Vermont came together this week at the Hilton Burlington to discuss strategies to promote stable, affordable housing. The high level of attendance at the conference reflected the concern that many Vermont communities feel over the increasing cost of housing in their communities.

Ribbon-cutting celebrated at Hickory Street in Rutland

Residents of Hickory Street apartments in Rutland celebrated the completion of the total redevelopment of their complex at a ribbon-cutting ceremony held last week. The project, sponsored by Rutland Housing Authority and Housing Vermont, transformed a public housing development previously known as Forest Park. The project was supported by Vermont Housing Finance Agency (VHFA), which awarded state and federal tax credits. 

VHFA recognized by United Way for fundraising efforts

Last week, Vermont Housing Finance Agency (VHFA) celebrated Halloween with a staff benefit event for United Way of Northwest Vermont. During the event, VHFA was honored to receive the President’s Award in recognition for its support of United Way in 2017.

Among the Halloween festivities were trick-or-treating for children of staff and costume and pumpkin carving contests. Entry fees from the contests will be donated to United Way.

VHFA introduces new web tools to help Vermonters find apartments and information about their towns

Vermont Housing Finance Agency (VHFA) announced today the launch of a robust, free resource connecting Vermonters to information about housing vacancies and community needs. Low and moderate income Vermonters who lack adequate, stable housing they can afford suffer elevated health and safety risks. This recently reinvented resource, known as the Vermont Housing Data website, represents years of collaboration among stakeholders seeking to increase the number of stably housed Vermonters through state of the art information sharing tools.

With housing costs the biggest financial stress for Vermonters, you can’t afford to miss the Vermont Statewide Housing Conference

Last week, Sarah Carpenter, Executive Director of Vermont Housing Finance Agency (VHFA), sat down with Vermont Public Radio’s (VPR) Howard Weiss-Tisman to discuss the results of the annual VPR-Vermont PBS poll. The poll revealed that housing costs are the primary source of financial stress for Vermonters and that respondents believed that lower housing costs would make Vermont significantly more affordable.

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