VHFA intends to consider new projects for the federal 9% Housing Credit and Vermont State Housing Credits at the April 2016 VHFA Board of Commissioners meeting. In order to provide sufficient time to review the proposals from developers, VHFA must receive a complete application by January 29, 2016.
Development
Time to submit entries for the 2016 Housing and Community Design Awards Program
The American Institute of Architects, in conjunction with HUD, is now accepting entries for the 2016 Housing and Community Design Awards Program. Owners of structures and architects licensed in the United States are invited to submit project designs of any size, budget, or style. Only projects completed after January, 1, 2011 will be considered for the awards. All entries must be submitted electronically before November 20, 2015 at 5:00 pm EST.
Still time to voice your support for federal HOME program
The federal HOME program provides grants to state and local governments to produce affordable housing for low-income families. HOME funds are a vital and unique source of financing for roughly 25 percent of all affordable rental housing recently developed in Vermont. These projects would likely not have been possible without HOME assistance.
Woodstock community celebrates the creation of 28 affordable apartments
Governor Shumlin joined Woodstock residents, local officials, and statewide housing partners yesterday to celebrate the creation of 28 new affordable rental apartments at the Safford Commons complex. Safford Commons is on the site of the former Grange Hall and church on Route 4 in Woodstock. While 24 of the new apartments are in newly-constructed buildings, four are in the buildings that already stood on the site
Algiers Village honored for transformation from brownfield to affordable rental housing
The Algiers Village redevelopment project in Guilford was recently selected as a winner of the national Phoenix Award. This award honors the team of dedicated Vermont partners who led the transformation of a rural village that had fallen into disrepair and become contaminated by petroleum.
From Ladd Hall to South Main Apartments: Governor helps celebrate rebirth at the Waterbury state office complex
Governor Shumlin, VHFA’s Sarah Carpenter and many others gathered yesterday to celebrate the opening of South Main Apartments in Waterbury.
When Ladd Hall was hit by Tropical Storm Irene in 2011, few would have imagined the remarkable transformation that would take place over the next four years. Originally constructed in the 1890s and then converted to state agency offices, Irene’s flood waters invaded the building through heating system tunnels.
Historic Putney home renovated to provide 11 affordable apartments
There were smiles a plenty in Putney Thursday as the community celebrated the renovation of the historic Plantz house at 27 Old Depot Road. The apartments will be managed by Windham and Windsor Housing Trust who oversaw the renovation process.
According to VHFA’s Sarah Carpenter who attended the celebration, “we were delighted to provide Low-Income Housing Tax Credits to help create the equity for such a worthwhile project.” Many other funders were involved in the project including Housing Vermont and Historic Tax Credits.
VHFA awards $2.98 million in affordable housing tax credits
On Monday, April 20, the VHFA Board of Commissioners committed $2.55 million in federal low-income housing tax credits and $432,500 in state housing tax credits to expand Vermont’s stock of affordable, energy-efficient housing. The tax credits will generate approximately $23.5 million in upfront equity for the construction and rehabilitation of 452 primarily rental homes across the state, guaranteed to remain affordable for at least 30 years.
Vermont plumbing rules under revision
The Vermont Department of Public Safety is currently accepting public comment on an annotated version of the Vermont Plumbing Rules.
A public hearing regarding the rules is scheduled for: