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VHFA News

Posted by: Leslie Black-Plumeau on December 21, 2017 - 11:18am

VHFA's Sarah Carpenter and Maura Collins talked with reporters this week about likely impacts of the many provisions related to housing included in the federal tax reform bill passed this week.   

Check out the Vermont Public Radio and VTDigger stories to learn more about what lies ahead for Vermont, as tax treatment of home mortgage interest, home equity loans, state and local taxes and other activities is shifted by the new legislation.

 

 

Posted by: Mia Watson on December 21, 2017 - 10:09am

The Champlain Valley Office of Economic Opportunity (CVOEO) has released a digital version of An Illustrated Guide to Vermont Renter’s Rights. The guide is narrated by visually striking cartoons that explain tenant rights and responsibilities throughout the rental process, and suggests resources for renters who need additional assistance. The guide is currently available in English, French, Arabic, and Nepali.    

Posted by: Mia Watson on December 18, 2017 - 10:16am

The federal tax reform conference report released Friday preserves tax-exempt private activity bonds (PABs), including Housing Bonds, both single-family (and MCCs) and multifamily, according to reports from the Novogradac and the National Council of State Housing Agencies.  PAB uses, authority, and carryforward rules are all unchanged as is the low-income housing tax credit program, the organizations reported.

 

The Senate and House are expected to vote on the final bill this week.  

 

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Posted by: Will White on December 14, 2017 - 3:48pm

BURLINGTON-Executive Director Sarah Carpenter announced that Vermont Housing Finance Agency (VHFA) has hired Zach Nelson of Burlington’s North End for the position of Business Development Coordinator-Homeownership.  Nelson comes to VHFA from the Burlington Free Press where he was an Account Executive.  “Zach’s background in developing marketing campaigns and digital marketing solutions will be valuable in marketing for the  Agency’s  mortgage products”, Carpenter remarked. In addition, Nelson will work with the Manager of Business Development to increase support to VHFA’s lending partners and consumers. 

VHFA is a non-profit agency created in 1974 by the Vermont Legislature to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped approximately 29,000 Vermont households with affordable mortgages and financed the development of approximately 8,800 affordable rental apartments.

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Posted by: Mia Watson on December 13, 2017 - 3:34pm

National Life Group has doubled their investments in charitable giving this year to 2 million dollars. Part of the National Life Group Foundation’s giving will support Main Street Grants, a new project designed to support revitalizing downtowns. As we all know, affordable housing is often a key component of strengthening our state’s downtowns. Municipalities, community partners, and housing organizations should go to National Life’s website soon to learn more about this exciting opportunity because applications are due at the end of December.

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