Submitted by Leslie Black-Plumeau on December 22, 2016 - 1:34pm
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 h
Submitted by Leslie Black-Plumeau on November 7, 2016 - 11:28am
Next week's Vermont Statewide Housing Conference will provide many opportunities to get your questions answered about how the election affects Vermont. Walk-in registration is available at the same initial low price so join us on November 14-15 at the Burlington Hilton.
Submitted by Leslie Black-Plumeau on October 19, 2016 - 9:31am
VHFA's Executive Director Sarah Carpenter announced today that interested parties are invited to submit comments on how housing tax credits are allocated. Housing tax credits are Vermont’s primary funding source for developing affordable rental housing. The comments will be considered during this year’s upcoming revisions to Vermont’s Qualified Allocation Plan (QAP). As administrator of the housing tax credit program, VHFA allocates credits to specific projects in accordance with identified State needs and Federal requirements outlined in the Vermont QAP.
Submitted by Leslie Black-Plumeau on September 27, 2016 - 3:30pm
In response to declining housing affordability in many parts of the country, the White House released a report this week on best practices for reducing local housing development barriers. The accumulation of these barriers has reduced the ability of many housing markets to respond to growing demand, the report explains.
Submitted by Leslie Black-Plumeau on September 19, 2016 - 11:59am
Unique features of rural housing require flexible national policies and financing programs, explains Executive Director Sarah Carpenter in her recent article for Rural Voices, a journal of the Housing Assistance Council.
Submitted by Leslie Black-Plumeau on September 2, 2016 - 11:03am
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.
Submitted by Leslie Black-Plumeau on June 28, 2016 - 12:22pm
Building Homes Together was launched yesterday. It is a collaboration of organizations and communities seeking to remedy some of the most pressing challenges in Chittenden County’s housing market.
“The housing shortage in Chittenden County has been well noted with unhealthy vacancy rates and high rents,” added Charlie Baker, Executive Director of the Chittenden County Regional Planning Commission. “Employers can’t find workers, and workers themselves spend more time in commutes and with a higher percentage of their paychecks on housing costs.”