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Executive briefing

Progress update on first year of Building Homes Together campaign

Vermont Governor Phil Scott speaks at press conference

Vermont Governor Phil Scott joined legislative and housing leaders in a press conference last week to update the public on the first year progress of the Building Homes Together campaign.

Goal

In an effort to increase the availability of affordable homes in Vermont, Champlain Housing Trust teamed up with Chittenden County Regional Planning Commission and Housing Vermont to set a goal of 3,500 new homes within 5 years, with 20% of them being permanently affordable.

Governor signs bill to promote economic development

Governor Phil Scott signed S. 135 last week, a bill to encourage economic growth and affordable housing. Although the law was signed on June 8, 2017,  portions of the bill are effective on date of enactment of the FY 2018-2019 budget. Vermont State Treasurer Beth Pearce (pictured), also on VHFA's Board of Commissioners, was one of the bill signing speakers. 

Vermont housing leaders advise HUD Secretary on importance of federal support, coordination, flexibility and working effectively in rural areas

At the invitation of Senator Patrick Leahy, U.S. Department of Housing and Urban Development Secretary Julian Castro visited Burlington yesterday to meet with the state’s housing leaders and attend a ribbon-cutting at the new Bright Street affordable housing project.

VHFA’s Sarah Carpenter attends White House convening on affordable housing

On October 12, VHFA’s executive director, Sarah Carpenter, joined housing finance leaders from other states and from the National Council of State Housing Agencies at a White House convening on affordable housing. 

HUD organized the forum primarily to engage key stakeholders in the results of the 20 regional convenings it held this past year, the FY 2012 HUD budget, and the American Jobs Act.  

Affordable housing didn't cause the financial crisis

Journalist and noted curmudgeon H.L. Menken once observed, "For every complex problem, there is an answer that is clear, simple, and wrong."

Such is the case with claims we're seeing recently that investment in affordable homeownership triggered the current global fiscal crisis.

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