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VHFA News

Posted by: Will White on May 4, 2017 - 1:00pm

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. Find out more about particular units by visiting the vacancy profiles on line.

Directory of Affordable Rental Housing (DoARH)

Search results: Site specific rental units with vacancies, Statewide (23 properties)

 
Property Units Address City/town
Clarks Landing 9 25 Clarks Landing Groton
Crystal Lake Housing 15 117 High Street; 109 Water Street and 35 Main Street Barton
Darling Inn 28 76 Depot Street Lyndon
Derby Line Gardens 11 197 Main Street Derby Line
Gilman Senior Housing 10 29 & 31 Jefferson Avenue Concord
Governor Prouty Apartments 24 26, 28 & 54 Governor Drive Newport City
Governors Mansion Apartments 15 88 Second Street Newport City
Groton Community Housing 18 168 Powder Spring Road; 1334 Scott Highway; 1352 Scott Highway and 1579 Scott Highway Groton
Hilltop Family Housing 24 426 Summer St, 606 Summer St, 20 Cote Court, 390 Portland St St. Johnsbury
Lake Champlain Apartments 27 185 Pine Street and 243-247 Church Street Burlington
Lakebridge 21 343 Main Street, 48 Pleasant Street and 14, 26 & 50 Compass Drive Newport
Lakeview Housing 16 16 Governor Drive, 36 Field Avenue and 236 Highland Avenue Newport
Marigold Apartments 6 141 Church Street Lyndonville
Moose River Housing 28 159, 195, 231 & 261 Moose River Drive St. Johnsbury
Mountain View St. Jay Housing 48 105, 106, 178 & 196 Mountain View Drive St. Johnsbury
Newport Senior Housing 13 107 & 119 Main Street Newport
Parkview 12 143 Willey Street Newport City
Passumpsic View Apartments 25 394 Railroad Street St. Johnsbury
Rainbow Apartments 20 25 Church Street Orleans
Riverview Apartments 57 73 Westminster Street Bellows Falls
South Saint Paul Townhouses 15 355 Saint Paul Street Burlington
The Meadows 10 4568 VT Route 14 Irasburg
West River Valley - Assisted Living 28 461 Grafton Road Townshend
Posted by: Joe Erdelyi on May 3, 2017 - 9:51am

VHFA supported the renovation and expansion of Bradley House in Brattleboro with the commitment of a $3.1 million construction loan and its staff was gratified to attended the project's ribbon-cutting ceremony Monday.

The development is a Level III Residential Care facility that serves seniors in need of a variety of services, and the expansion will increase the number of residents served from 28 to 35. The wonderfully elaborate building that will be renovated was built in the 1860s and an attached new wing will be added to allow this expansion. The facility is owned and run by Holton Home Inc. and is their second such property in Brattleboro.

Development services were provided by Cathedral Square Corporation and other new funding was committed by USDA Rural Development, Vermont Housing and Conservation Board, Vermont Community Development Program, Commons Energy, Efficiency Vermont, 3E Thermal, The Town of Brattleboro, Vermont Community Loan Fund and private fundraising.  Brattleboro Savings and Loan has provided longstanding banking and financial services to Holton Home Inc. and were also key to helping achieve this objective. 

Pictured: Cindy Reid, Cathedral Square Corporation, Governor Phil Scott and Cindy Jerome, Holton Home LLC. 

Posted by: lori on May 1, 2017 - 3:13pm

Executive Director Sarah Carpenter announced that VHFA has hired a new Multifamily Management Officer.  Andrea Tieso comes to VHFA from Summit Property Management where she has worked since 2014 as a Compliance Specialist.  She has many years of experience in property management and has worked specifically with Housing Tax Credits and Section 8 housing.

 

Andrea lives in Charlotte with her husband and three children.

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Posted by: Leslie Black-Plumeau on May 1, 2017 - 10:46am

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.

As this housing affordability gap map from the Urban Institute (UI) illustrates, nearly every U.S. county lacks enough affordable housing to meet residents’ needs, a crisis that is particularly urgent for extremely low-income (ELI) households. Nationally, only 46 adequate and affordable rentals are available for every 100 ELI renter households—and without federal support, this problem would be significantly worse, according the UI's recent study

Housing costs in rural areas are often lower than in metro areas, but so are incomes. In 2010, the rural poverty rate was 18 percent, compared with a 15 percent urban poverty rate.  

In Vermont, HUD and USDA rental assistance enable the state to provide adequate, affordable housing for 51 to 66 percent of it's extremely low-income households, depending on the county. Without federal assistance, only 5 to 31% of these households would be housed adequately and affordably.

Use the map, to find statistics and assess how federal assistance impacts conditions where you live. 

Posted by: Leslie Black-Plumeau on April 28, 2017 - 4:17pm

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.

Pam has served as HUD Deputy Secretary for Community Planning and Development under President George W. Bush and as HUD's White House liaison under President Reagan. She also previously administered the Section 8 program for the New Hampshire Housing Finance Authority.

 

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