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VHFA News

Posted by: Leslie Black-Plumeau on January 24, 2017 - 1:14pm

Twin Pines Housing Trust is offering a "Secrets of Homebuying Workshop" on Saturday, February 11, 2017 at Dartmouth Hitchcock Medical Center.  Participants will learn how to apply for a mortgage with special financing, closing costs, work with a realtor, budgeting, credit and homeowners insurance.  Fee is $65 per household.

Register or  read more.

Posted by: Leslie Black-Plumeau on January 23, 2017 - 3:52pm
On Wednesday, March 8, 2017, Bess O’Brien, a nationally celebrated, VT based documentary film maker will present her award winning film The Hungry Heart   The 93-minute film is a thoughtful and revealing look at prescription drug addiction shot right here in Vermont.  The event is coordinated by Vermont Resident Services Coordinators (VRSC) and sponsored by VHFA and Vermont Housing Managers Association.  Please R.S.V.P. to Doug Hemmings at dhemmings@maloneyproperties.com.  More information is at www.vrsc.org.  
 
Agenda
Registration 9:30 am—10:00 am
Training 10:00 am—12:30 pm
Lunch & Networking 12:30-1:00 pm
VRSC Member Meeting: 1:00-2:00 pm                                                               
 
Cost
If you are a current member of VRSC or your organization is a current member of VHMA, the training and lunch are free . For others, it’s $10.
 
Support VRSC
Your support through VRSC membership or as a sponsoring organization is essential to its continued success. VRSC is a small volunteer group of dedicated resident service coordinators that put membership and sponsorship dollars back into providing first rate presenters on the most relevant and timely topics for the industry.
Posted by: Leslie Black-Plumeau on January 10, 2017 - 9:36am

HUD Secretary Julian Castro described his hopes for the transition to new leadership during an interview with NPR yesterday. 

A congressional confirmation hearing, scheduled for Thursday, will provide an opportunity for nominee Ben Carson to share his goals for U.S. housing policy. 

Castro met with Vermont housing officials in Burlington last summer and attended the opening of the new Bright Street affordable rental housing complex.  

Pictured: HUD Secretary Castro meets new Bright Street apartment residents in Burlington, September 1, 2016.  Photo courtesy of HUD.  

Posted 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 housing, live in substandard and overcrowded conditions, or face homelessness. 

The affordable housing provided by the Housing Credit has an immeasurable impact on the lives of those who live in it, and arguably results in numerous indirect cost savings for federal, state, and local governments.  That’s because housing stability leads to better health outcomes, improves children’s school performance, helps people gain employment, and promotes economic mobility.

Key to the Housing Credit’s success and its wide bipartisan support is its unique design:

  • A Model Public-Private Partnership with Investors Assuming the Risk.
  • State Administered with Limited Federal Bureaucracy. 
  • An Important Contributor to Our Nation’s Economic Wellbeing. 
  • A Critical Part of Our Nation’s Infrastructure. 
  • A Record of Exceptional Performance. 
  • Meeting a Need the Private Sector Could Not Otherwise Address.           
  • Successfully Serving the Hardest-to-Reach Populations. 

Each year, federal and state housing and bond credits generate about three-quarters of the funds used to create more affordable housing in Vermont.  The average Vermont resident living in apartments developed through credits has an annual income of about $18,000.  About half of these households are non-seniors who are not disabled.  Seventy-seven percent of these “workforce” households are working and earning their income. 

Although about 7,400 Vermont households live in apartments created by credits, thousands more are in need of decent, safe apartments they can afford. 

Read more about Vermont’s current housing credit residents or about the housing credit’s national impact

Posted by: Leslie Black-Plumeau on December 21, 2016 - 10:15am

Please join us at the State House in Montpelier on January 5 to renew Vermont's commitment to ending homelessness.  The day will include time to meet with lawmakers and experts to discuss effective strategies Vermont could use to conquer remaining challenges in ending homelessness. A vigil will also be held to remember those who have died without homes and the hundreds of Vermonters still searching for safe, secure housing they can afford.  

The Vermont Affordable Housing Coalition is co-sponsoring this event with the Vermont Coalition to End Homelessness. 

Agenda

  • Legislative Awareness Day, Card Room: 7:30 AM-2 PM
  • Recognition of Homeless Service Providers and Advocates, House Gallery: 9:30 AM
  • Memorial Vigil, State House Steps: Noon

 

 

 

 

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