VHFA, the New Northgate Housing, LLC, and the U.S. Department of Housing & Urban Development (HUD) came together yesterday to sign the legal documents firming up a new and improved financing structure for the Burlington apartment complex.
Partner organizations
New rental apartment complex opens in Essex
Senator Bernie Sanders joined the Champlain Housing Trust (CHT) and Housing Vermont yesterday to celebrate the completion of thirty apartments in a single building located off Susie Wilson Road in the Town of Essex. Cedar’s Edge Apartments offers a mix of 24 two-bedroom and six one-bedroom apartments.
Senator Bernie Sanders noted that “at a time when many Vermonters are struggling economically, when affordable housing is very hard to come by in many Chittenden County towns, and when many families are spending fifty percent or more of their limited income on housing, this project is sorely needed."
Steps to smokefree multi-unit housing
The American Lung Association announced a new online resource on the issue of smokefree multi-unit housing, Smokefree Policies in Multi-Unit Housing: Steps for Success. These tools are targeted to public health advocates fairly new to the topic, property managers, residents and others will find the .
Recourse for borrowers harmed during foreclosure
The Federal Reserve Board has announced that borrowers who think they may have been financially harmed in the mortgage foreclosure process in 2009 and 2010 can now request an independent review and potentially receive compensation. Servicers are required to compensate borrowers for financial injury resulting from deficiencies in their foreclosure processes. Below is a list of participating servicers.
Read more here. To apply borrowers may call 888-952-9105 and visit http://www.independentforeclosurereview.com/ for details.
HUD wants your input!
What more do we need to know to improve housing and community development policy and practice? The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research (PD&R) is formulating its research agenda for the next 5–10 years and would like your input.
Think critically and provide input about the above question as it relates to four targeted topic areas:
Renovations complete at Depot II in Bethel
Ten affordable apartments have been renovated and upgraded thanks to a variety of funders and construction professionals. VHFA provided both construction financing and housing credits. Improvements were made to the buildings’ drainage system and included constructing a new retaining wall—both of which were already tested by Tropical Storm Irene and held up well.
16 Apartments Rehabilitated in Morrisville and Stowe
Lamoille Housing Partnership and Housing Vermont joined with community members and state officials to celebrate the completion of extensive renovations to five apartment buildings in Morrisville and Stowe. The renovations focused primarily on improving energy efficiency and the durability of the buildings. The rehabilitation included repairing slate roofing and replacing asphalt shingles, improving insulation, installing new windows and heating systems, and upgrading apartment interiors.
Sept. 28 - VAHC Annual Meeting, VAHC/VCEH Joint Meeting & VCEH Monthly Meeting
September 28 is the Vermont Affordable Housing Coalition’s Annual Meeting, as well as its annual joint meeting with the Vermont Coalition to End Homelessness (VCEH), and the VCEH’s monthly meeting. As always, this year’s agenda is packed and exciting:
Input needed on Chittenden County goals
The ECOS (Environment, Community, Opportunity, & Sustainability) Project (www.ecosproject.com) includes municipalities, the State and a large number of organizations working to improve our community’s most important planning documents and implement the highest priority actions. The first phase of the ECOS Project is to review and improve the draft goals. Please visit http://ecosproject.com/goals to read more and submit comments on the goals.
Funding awarded for 15 new vouchers for homeless veterans
Vermont will be able to permanently house 15 more homeless Veteran households in affordable housing with supportive services available thanks to a recent award to the Vermont State Housing Authority. The funding is from the U.S. Department of Housing and Urban Development's (HUD) Veterans Affairs Supportive Housing Program (HUD-VASH) program and is a coordinated effort by HUD and the Veteran’s Administration (VA) providing funding to local housing agencies.