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VHFA News

Posted by: admin on October 21, 2004 - 3:44am

BURLINGTON—Sarah Carpenter, Executive Director of Vermont Housing Finance Agency, has been elected to serve on the Board of Directors of the National Council of State Housing Agencies (NCSHA). “I’m really excited about the chance to serve on NCSHA’s board,” Carpenter said. “It’s a great opportunity to help shape the agenda for our national association, and through that, to help influence housing policy nation-wide. Our experience here in Vermont gives me a lot of ideas to bring to the table. Vermont’s housing problems are shared by many other states, and it’s important that we make affordable housing development a priority at the federal level and across the country.” Carpenter’s election was announced at NCSHA’s annual conference in Chicago on Saturday. NCSHA’s 16 directors serve two-year terms. A Burlington native, Carpenter, joined VHFA as Executive Director in 1998. From 1983-1998, she served as the Executive Director of Cathedral Square Corporation. Under Carpenter's direction, Cathedral Square grew to be a nationally recognized leader in combining affordable housing and community services. Prior to her tenure at Cathedral Square, Carpenter held several positions with the Champlain Valley Agency on Aging. Carpenter holds a Masters of Public Administration from Harvard University and a Bachelor of Science in social work from the University of Vermont, graduating cum laude. She has been the recipient of several awards, including the Vermont YWCA Susan B. Anthony Award and the National Organization on Disability Outstanding Contribution Award. — more — Carpenter has served on numerous voluntary boards. These include current appointments to the Committee on Temporary Shelter (COTS), the Converse Home, Fletcher Allen Healthcare and Franklin Homestead Inc.; and previous membership on the national board of the American Association of Homes and Services for the Aging, the Federal Reserve Bank of Boston Community Development Advisory Council, Housing Vermont, and the Vermont Alzheimer’s Association. Carpenter also serves on the Vermont Community Development Board and the Vermont Housing and Conservation Board. NCSHA is a non-profit organization serving as a trade and advocacy group for housing finance agencies nation-wide. More information about NCSHA is available on the Council’s website, www.ncsha.org. VHFA was created by the Vermont Legislature in 1974 to finance and promote the development of affordable housing opportunities for low- and moderate-income Vermonters. Since it’s inception, VHFA has helped almost 25,000 households with affordable mortgages and financed the creation of nearly 7,000 affordable rental units. More information about VHFA and its programs is available on the Agency website, www.vhfa.org.

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Posted by: admin on September 28, 2004 - 10:48am

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Brandiann Russin as Outreach Coordinator. Russin is the primary outreach and marketing representative for VHFA’s Homeownership Department. She promotes VHFA’s homeownership programs in Vermont through training and marketing with mortgage lenders, real estate professionals, homebuilder organizations, non-profit organizations and consumers. Before joining VHFA, Russin worked in accounts payable as an Office Assistant at MorrisSwitzer Environments for Health in Williston. Before that she was Mortgage Processor/Team Leader at Homebound Mortgage Inc. in Colchester, and a Financial Assistant in the Trust Department of Banknorth Investment Management Group Inc. in Burlington. Russin holds an Associates of Science earned in 2001 at the New England School of Communications in Bangor, Maine. VHFA is celebrating its 30th anniversary in 2004. It recently passed the $2 billion bonding mark in August. The Vermont Legislature established VHFA on April 11, 1974, to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped almost 25,000 households with affordable mortgages and nearly 7,000 families into affordable rental units.

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Posted by: admin on September 20, 2004 - 3:11am

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Gary P. Marini, CPA, as Chief Financial Officer (CFO). Marini joins the team of three executive managers at the Agency. He is responsible for the direction, management, and oversight of the financial, fiscal accounting and investment areas of VHFA. He has primary responsibility for activities related to the sale of VHFA bonds and notes; establishment of operating policies for the Finance department; and oversight in areas of internal finance, management of existing VHFA housing finance programs and structuring of new VHFA financing programs. “We’re thrilled to welcome Gary to VHFA,” said Executive Director Sarah Carpenter. “Gary’s arrival at the Agency is the result of an extensive four-month search to find someone with the right balance of experience and foresight to lead the Agency into its fourth decade. Gary’s extensive background in housing and finance made it clear he was the right one for the job.” Marini’s career in finance began in 1976. For the last four years, he’s been Treasurer/CFO for Community Preservation Corp., a non-profit lender in affordable housing owned by a consortium of banks and other financial institutions, in New York, N.Y. Before that, he spent a decade as CFO with Sarakreek Management Partners, a company that performed property and asset management services for institutional investors and real estate funds, in New York. Marini replaces Roger Schoenbeck, who completed his 21-year tenure as VHFA CFO in April. VHFA is celebrating its 30th anniversary in 2004. It recently passed the $2 billion bonding mark in August. The Vermont Legislature established VHFA on April 11, 1974, to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped almost 25,000 households with affordable mortgages and nearly 7,000 families into affordable rental units.

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Posted by: admin on July 19, 2004 - 9:43am

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Kathy Cawley of Colchester as Administrative Assistant. Cawley provides administrative support for the Homeownership Department and fields calls from consumers, real estate professionals, lenders, and other individuals inquiring about VHFA homeownership programs. Before joining VHFA, Cawley spent a year as Office Manager at Mortgage Guaranteed Insurance in Burlington. She previously spent several years in the credit department of Burton Snowboards in Burlington. VHFA is celebrating its 30th anniversary in 2004. The Vermont Legislature established VHFA on April 11, 1974, to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped more than 24,000 households with affordable mortgages and more than 6,700 families into affordable rental units.

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Posted by: admin on July 14, 2004 - 9:00am

BURLINGTON— Vermont Housing Finance Agency (VHFA) has dropped the interest rate on a 30-year, no points, fixed rate loan to 5.80 percent. The new low rate is expected to help more Vermonters realize their dream of homeownership. The new rate becomes effective today. “We strive to give our customers the lowest rates we possibly can,” said VHFA Executive Director Sarah Carpenter. “When market conditions permit, we always take the opportunity to lower rates. But those conditions change constantly, so we can never predict how long any rate will last. We can predict, however, that we will always be working to give our customers the best value we can.” VHFA offers a variety of mortgage loan products to qualified buyers, with different interest rates. (See rates table on our Web site: www.vhfa.org) Rates are subject to change. Income and purchase price limits apply. Prospective borrowers should contact their local lenders for more details. A list of lenders that offer VHFA’s products is also available on the Agency’s Web site. VHFA is celebrating its 30th anniversary in 2004. The Vermont Legislature established VHFA on April 11, 1974, to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped almost 25,000 households with affordable mortgages and nearly 7,000 into affordable rental units.

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