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VHFA News

Posted by: admin on September 16, 2002 - 4:47am

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced today the hiring of Maura Collins as Research Analyst. Collins develops and maintains housing databases; and conducts research and writes reports to support various agency programs, new housing initiatives, special projects and strategic planning initiatives. A graduate of the University of Buffalo, Collins spent the last three years working for the Technical Assistance Collaborative in Boston. The collaborative works to achieve positive outcomes on behalf of people with special needs by assisting organizations and policymakers in a number of areas, including affordable housing. In October 2000, she was recognized by Fannie Mae for dedication and commitment to creating housing opportunities for people with disabilities. VHFA was established 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 more than 23,000 households with affordable mortgages and 4,900 families into affordable rental units.

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Posted by: admin on August 20, 2002 - 4:33am

BURLINGTON— Vermont Housing Finance Agency has announced a new low mortgage interest rate — 5.95% for a 30-year, fixed rate loan with no points for qualified borrowers — which is the lowest rate ever offered by the Agency. The new rate became effective August 19th. “We are very happy to be able to offer this new, low rate to Vermont homebuyers,” said VHFA Executive Director Sarah Carpenter. “With mortgage rates so volatile right now, there’s no way of predicting how long we will be able to offer this rate, but we are determined to give the most value we can to our customers.” Carpenter added that VHFA borrowers can also save money on their closing costs, because they receive an exemption from the Vermont Property Transfer Tax on the first $100,000 of the purchase price of their homes. That means borrowers can save up to $500 at closing. VHFA offers a variety of mortgage loan products, with different interest rates. (See rates table on our Web site: www.vhfa.org) Rates are subject to change. Prospective borrowers should contact their local lenders for more details. A list of lenders that offer VHFA’s products also is available on the Agency’s Web site. VHFA was created by the Vermont Legislature in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. VHFA is the largest source of financing for affordable housing in Vermont. Since its inception, VHFA has issued approximately $1.68 billion in bonds, which provided financing to more than 23,000 households and more than 4,000 affordable apartments. 

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Posted by: admin on June 6, 2002 - 3:24am

BURLINGTON — Vermont Housing Finance Agency now offers the lowest mortgage interest rate in its history. The agency now offers qualified borrowers 30-year, zero point mortgage loans with a fixed interest rate of just 6.25 percent. "We're pleased to be able to offer the lowest home mortgage rates in VHFA's 28-year history," says Executive Director Sarah Carpenter. "Combined with recent adjustments in our income and purchase price limits, the new rates will help more Vermonters realize their dreams of becoming homeowners." The new rate became effective June 4th. VHFA offers a variety of mortgage products with different interest rates. (See rates table on our Web site.) Rates are subject to change. Potential borrowers should contact participating VHFA lenders for details; a complete list of participating lenders is online at www.vhfa.org. VHFA was established 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 issued approximately $1.68 billion in bonds, which provided financing to more than 23,000 households and more than 5,200 affordable apartments. 

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Posted by: admin on April 19, 2002 - 3:52am

BURLINGTON, VT  Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced the hiring of Rebecca A. Lane of Sheldon as Office Manager. Lane assists the Director of Administration with human resource functions of the agency, including administration of employee benefits, payroll and hiring. She oversees the administrative staff for the administration and finance divisions; provides high-level administrative support to the Executive Director and the Director of Administration; and coordinates communications with the Board of Commissioners. Lane worked at Bombardier Structured Finance in Colchester for nearly three years, most recently as an Executive Assistant. She also spent time at General Dynamics; Wagner, Heindel and Noyes Inc.; the Institute for Program Development at Trinity College of Vermont; and Chittenden Bank, all in Burlington. VHFA was established 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 more than 23,000 households with affordable mortgages and 4,900 families into affordable rental units.

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Posted by: admin on March 18, 2002 - 7:38am

BURLINGTON, VT  Four employees of Vermont Housing Finance Agency (VHFA) in Burlington attended two days of presentations and training in March. Financial Analyst Lisa Clark, Information Systems Manager Rick Jean, Multifamily Operations Specialist Nina McDonnell, and Applications Specialist/Analyst Sherri Mullin attended the Mitas Seminar 2002, presented by The Mitas Group Inc. of McKinney, Texas. The group received product overviews from the company and presentations on future product innovations including Web applications, remote access changes, and new mapping software initiatives. Representatives from 16 organizations from across the country attended the annual event at the Hyatt Regency in Dallas, Texas, on March 4 and 5. VHFA's finance department, and single- and multifamily departments use Mitas products for accounting, database applications, and underwriting and reservations of single-family mortgages. VHFA was established 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 more than 23,000 households with affordable mortgages and 4,900 families into affordable rental units. 

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