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Partner organizations

Federal HOME program saved through coalition-building and leadership

The recent federal budget agreement included the survival of a program that has become a vital funding source for affordable rental housing in Vermont--the HOME Investment Partnership Program.  When proposals arose earlier last year to deeply cut the program, the National Association of Housing Finance Agencies (NCSHA) HOME Coalition tirelessly and effectively gathered evidence of the program’s impact, documented its widespread support and educated federal policy makers.

Local elves help make annual mitten stuffing a huge success

A bus from The Edge Kids & Fitness after school program brought 25 young helpers to VHFA yesterday for the Agency’s annual mitten stuffing. Aliya  (pictured) and her fellow elves got right to work in VHFA’s board room, helping to stuff 175 sets of mittens, hats and gloves with candy. VHFA will deliver the bounty this afternoon to the Sara Holbrook Center and King Street Youth Center for distribution to local kids and teens in need. 

VHFA sends out a big thanks to all of the knitters and shoppers who donated such high quality outerwear for this wonderful holiday event!

Legislative victories expected for housing tax credit and HOME program

Two measures that help address the affordable housing needs of low-income Vermonters are likely to be passed in federal tax and omnibus spending bills on Capitol Hill this month.

The tax bill makes permanent the 9 percent minimum Low-Income Housing Tax Credit rate. A fixed minimum rate will bring much-needed predictability to the process of developing affordable rental housing.

HUD’s 2016 Fair Market Rent standards are effective tomorrow

Earlier this week, HUD published the final 2016 Fair Market Rent standards that will take effect as of tomorrow, December 11, 2015. FMRs are intended to represent the dollar amount below which 40 percent of the standard-quality rental housing units in an area are rented. They are used in HUD rental assistance programs, including the Section 8 and HOME programs.

Vermont recognized as model for preservation of affordable rental housing

Housing preserved by federal and state tax credits -- awarded by VHFA – was recently highlighted as a national example of effective use of public dollars. The $12 million in equity raised by the credits, along with other efforts led by VHFA to keep apartments in the Bobbin Mill and Wharf Lane buildings near Burlington’s waterfront affordable, are the subject of a recent HUD newsletter

Homeless at Vermont shelters rose in number and length of stay in 2015

The number of people who stayed in Vermont's emergency shelters last year and the average length of their stays were at their highest point in a decade. According to a recent report from Vermont's Department for Children and Families (DCF), publicly-supported emergency shelters in the state served 4,303 people in July 2014 through June 2015, up from 3,934 in the prior year.

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.

Funding and design assistance available for rural communities

The Citizens' Institute on Rural Design (CIRD) has issued a request for proposals to rural communities interested in applying for funding to host a community design workshop in 2016 or 2017.

VT Community Development Association Fall Conference: Work Force Housing

WORK FORCE HOUSING – SPRINGBOARD TO ECONOMIC VITALITY

Economic Reality of Developing Workforce Housing

....for those in the middle….

  • What is realistic and possible in creating residential communities for middle-income earners?
  • What do older neighborhoods need to attract investment by middle-income earners?
  • How can a community be competitive?
  • What is being done successfully and on what scale?

Hear from developers, builders, funders, planners, local officials, state and federal resources.

Taking a walk becomes a learning experience in Burlington's King Street neighborhood

There is no better way to learn about Burlington's land-mark affordable housing preservation efforts of the early 1980s than to take a walk around VHFA's offices. More than 200 apartments in the King Street area were renovated and preserved as affordable housing through partnerships between VHFA, HUD, the City of Burlington and local housing providers.

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