Need an affordable apartment or know someone who does? There are vacancies in 23 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.
Housing in the news
Federal assistance is critical to housing poorest Vermonters
Housing affordability challenges in high-cost cities often overshadow the enormous housing challenges in rural America. Though the situation is more extreme in metro areas, rural areas and small towns also face significant shortages of affordable and available rental housing, as most very low-income Vermonters well know.
Patenaude to be nominated for HUD Deputy Secretary spot
The White House announced today that it intends to nominate Pamela Patenaude to serve as Deputy Secretary for Housing and Urban Development (HUD). Patenaude is currently president of the J. Ronald Terwilliger Foundation for America's Families, an organization that seeks to elevate housing's place on the political agenda.
Patenaude has held a variety of housing policy positions in both the public and private sectors. She served as Director of the Bipartisan Policy Center's Housing Commission and had the opportunity to hear about Vermont’s housing issues at a national hearing in Maine in 2012. She also spoke at the Vermont Statewide Housing Conference in 2012.
VHFA awards millions in affordable housing tax credits for upcoming construction but rental housing proposals outweigh available credits 2 to 1
On Monday, April 17, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Low-Income Housing Tax Credits (LIHTC) and Vermont Affordable Housing Credits that will provide almost $37 million in upfront equity to construct and renovate housing for low-income Vermonters over the next several years. The $2.5 million in ten-year federal capped credits, $610,000 in ten-year federal uncapped “bond” credits and $485,000 in five-year state credits will support the development of 272 affordable apartments in 11 communities across the state.
$35 million bond would have long-lasting benefits
Housing developers, business leaders, smart growth policy experts and poverty advocates joined together to support the passage of a $35 million housing bond this afternoon at a press conference at Vermont’s State House in Montpelier.
Recommended in Governor Scott's budget proposal, the housing bond would address a significant need for affordable housing in Vermont, help to alleviate homelessness, house the workforce, and provide expanded homeownership opportunities for Vermonters.
Need an affordable apartment?
Need an affordable apartment or know someone who does? There are vacancies in 35 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.
Need an affordable apartment?
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.
NPR interviews Secretary Castro about transition to new HUD leadership
HUD Secretary Julian Castro described his hopes for the transition to new leadership during an interview with NPR yesterday.
A congressional confirmation hearing, scheduled for Thursday, will provide an opportunity for nominee Ben Carson to share his goals for U.S. housing policy.
Castro met with Vermont housing officials in Burlington last summer and attended the opening of the new Bright Street affordable rental housing complex.
Housing Credit is a model program
Since it was signed into law as part of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (Housing Credit) has become our nation’s most successful tool for building and preserving affordable rental housing. By providing an incentive for private sector investment, the Housing Credit has financed nearly 3 million apartments across the country for low-income workers, families, seniors, veterans, and those with special needs. It creates opportunities for the millions of families and individuals in our country today who otherwise would pay an excessive portion of their income for housing, live in substandard and overcrowded conditions, or face homelessness.
Real Estate for Millennials event tonight at the Growler Garage in Burlington
Don't miss tonight's Burlington Young Professionals On Tap event to learn about how to get started thinking about buying a home. VHFA's Seth Leonard as well as other experts will be on hand to answer your questions and provide critical tips on buying a home in Vermont.
Local realtor Blair Knowles described what the event has to offer and some of the challenges facing first time home buyers on WCAX last night.
- Tuesday, November 29, 2016
- 5:30 - 7:30 pm
- The Growler Garage
- 30 Main Street
- Burlington, VT