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VHFA News

Posted by: Leslie Black-Plumeau on 9/18/2018

A recent report from researchers at Ohio State University and Fannie Mae describes new evidence of ways to extend homeownership sustainably.  Lower income households seeking to purchase homes face many barriers including lack of wealth for down payment.  Further, “after purchasing a home, lower income homeowners are often at higher risk of default due to unaffordable mortgage terms, higher loan-to-value ratios, and fragile household balance sheets,”  the report notes.

By examining data on more than a million single-family, home purchase loans to low-to-moderate first-time homebuyers securitized by Fannie Mae, researchers discovered that those loans made by VHFA and its housing finance agency (HFA) counterparts nationwide had rates of default, foreclosure and prepayment that were 20-30 percent lower than other similar loans. This finding was based on a matched sample of HFA and non-HFA loans within the data, ensuring that the borrowers were similar at the time of loan closing with regard to geography, loan terms, income, credit score, and loan-to-value ratio. 

The research also pinpointed the mechanisms, such as full documentation of loan information and homeownership counseling, that led to improved outcomes among housing finance agency loans. “Unpacking the HFA effect on loan performance can offer insights for alternative strategies to reduce the default risk of lending to this population of borrowers,” the report explains. 

Posted by: Mia Watson on 9/18/2018

The Chittenden County Homeless Alliance has an opening for a detail oriented, consensus building, people-person to serve as a part-time coordinator for the mission to end homelessness in our community. This unique and interesting 20 hours per week position offers a competitive salary and an excellent benefits package. 

In a cooperative arrangement, this position will be based at Vermont Housing Finance Agency (VHFA), located in downtown Burlington, Vermont.

Read more about the position including the full position description and summary of benefits. 

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Posted by: Mia Watson on 9/17/2018

Mutual of America Life Insurance Company is our newest Platinum level sponsor of the 2018 Vermont Statewide Housing Conference. The conference will be held on November 13th and 14th at the Hilton Burlington. Conference registration is now open, with special early bird pricing available for a limited time only.

The conference, held every two years, draws hundreds of housing professionals, including legislators, town and regional planners, advocates, developers, and bankers. It offers a unique opportunity to network, learn, and be inspired about housing in Vermont. This exciting event would not be possible without sponsors like Mutual of America.

A limited number of sponsorship opportunities are available! Sign up to sponsor this event now to get free conference registrations, an exhibit table, and many marketing benefits. Learn more about sponsorship benefits online.

Posted by: Mia Watson on 9/12/2018

TD Bank is our newest Platinum level sponsor of the 2018 Vermont Statewide Housing Conference. The conference will be held on November 13th and 14th at the Hilton Burlington. Conference registration is now open, with special early bird pricing available for a limited time only.

The conference, held every two years, draws hundreds of housing professionals, including legislators, town and regional planners, advocates, developers, and bankers. It offers a unique opportunity to network, learn, and be inspired about housing in Vermont. This exciting event would not be possible without sponsors like TD Bank.

A limited number of sponsorship opportunities are available! Sign up to sponsor this event now to get free conference registrations, an exhibit table, and many marketing benefits. Learn more about sponsorship benefits online.

Posted by: Mia Watson on 9/6/2018
The Winooski Housing Authority is our newest Platinum level sponsor of the 2018 Vermont Statewide Housing Conference. The conference will be held on November 13th and 14th at the Hilton Burlington. Conference registration is now open, with special early bird pricing available for a limited time only.

The conference, held every two years, draws hundreds of housing professionals, including legislators, town and regional planners, advocates, developers, and bankers. It offers a unique opportunity to network, learn, and be inspired about housing in Vermont. This exciting event would not be possible without sponsors like the Winooski Housing Authority

A limited number of sponsorship opportunities are available! Sign up to sponsor this event now to get free conference registrations, an exhibit table, and many marketing benefits. Learn more about sponsorship benefits online.

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