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VHFA News

Posted by: VHFA on April 11, 2008 - 8:05am

birthday cupcakeToday marks the date in 1974 that Gov. Thomas Salmon signed legislation creating Vermont Housing Finance Agency.

In the past 34 years, we've helped about 26,000 Vermonters purchase primary residences; and have provided financing, development and management support, subsidy administration and tax credits to 7,400 units of multifamily rental housing.

Happy birthday to us!

Coincidentally, today also marks the 40th anniversary of the federal Fair Housing Act, signed into law on this date in 1968 by President Lyndon Johnson.

The act prohibits discrimination in the sale, rental and financing of housing.

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Posted by: VHFA on April 8, 2008 - 1:15pm

out of reach logoOur friends at the Vermont Affordable Housing Coalition (VAHC) have issued a press release regarding the latest "Out of Reach" report from the National Low Income Housing Coalition (NLIHC).

The report shows Vermont is the 18th most expensive state in the nation for renters, and in the top 10 for most expensive rural areas.

Read the full VAHC release.

Posted by: maura on April 8, 2008 - 10:18am

Vermont Center for Independent Living is organizing a Universal Design Conference April 24 at the Doubletree Hotel in South Burlington.

VHFA, along with several statewide housing partners, are sponsoring the day-long event. The agenda will include a keynote speaker from Adaptive Environments, and breakout sessions on:

  • Design strategies for rehab and historic preservation
  • Your rights under Section 504 of the rehab act
  • Advanced ADA and Fair Housing
  • What's reasonable under Reasonable Accommodations
  • Barrier free design in single family homes
  • Making your housing portfolio accessible for the future

For registration information and more details, go to VCIL's conference Web page. For general information on Universal Design, check out our Web site.

Posted by: VHFA on April 8, 2008 - 8:11am

erin & joshCongratulations to VHFA Multifamily Operations Specialists Erin Philbrick and Joshua Slade for receiving their Tax Credit Specialist certification from the National Center for Housing Management (NCHM) — the result of three days of training and exams held in Boston last month.

Tax Credit Specialists exhibit a high level of knowledge of the federal Low Income Housing Tax Credit (LIHTC) program, which creates and preserves affordable rental housing for lower-income households.

In the program, owners of qualifying rental housing receive a reduction in federal tax liability over a 10-year period if they agree to certain operating restrictions for at least a 15-year period.

LIHTCs have produced most of the recently-developed affordable rental housing in Vermont.

You can search our database of LIHTC properties going back to 1987.

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Posted by: admin on April 7, 2008 - 10:39am

BURLINGTON—Executive Director Sarah Carpenter announced that Multifamily Operations Specialists Erin Philbrick and Joshua Slade were certified Tax Credit Specialists by the National Center for Housing Management (NCHM). The certification is the result of three days of training and exams held in Boston last month. Tax Credit Specialists exhibit a high level of knowledge of the federal Low Income Housing Tax Credit (LIHTC) program, which creates and preserves affordable rental housing for lower-income households. In the program, owners of qualifying rental housing receive a reduction in federal tax liability over a 10-year period if they agree to certain operating restrictions for at least a 15-year period. LIHTCs have produced most of the recently-developed affordable rental housing in Vermont. Philbrick joined VHFA in 2001. Slade joined in 2007. NCHM was founded by a presidential executive order in 1972 to provide training and certification to the nation’s housing professionals. Its headquarters are in Reston, Virginia. VHFA was created by the Vermont Legislature in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped approximately 26,000 Vermont households with affordable mortgages and financed the development of 7,400 affordable rental units.

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