Treasury announces $35 million in New Markets Tax Credit awards for Vermont
Emphasizing the importance of economic recovery in distressed areas, U.S. Department of the Treasury's announced last week the award of $3.6 billion in New Markets Tax Credit (NMTC) nationwide, including $35 million for Vermont projects.
Materials available for next week's QAP public hearing
Next Thursday, February 2, 2012, Vermont's Joint Committee on Tax Credits will conduct a public hearing to discuss changes to the Qualified Allocation Plan (QAP) used to select the projects that will receive state and federal housing tax credits.
Affordable homes under construction in Manchester
With among the highest average home prices in the state, the town of Manchester, Vermont, seems that perfect the location for New England's largest community of homes built through Habitat for Humanity.
Volunteers and community developers and planners are building 22 homes that will be sold with price tags affordable to moderate and lower income families.
Burlington's Thayer Commons wins federal grant
A $4.8 million federal housing grant for the Burlington Thayer Commons project was announced yesterday. The grant will support the addition of 28 rent-subsidized units to the project.
VHFA is providing 4% (bond) low-income housing tax credits as well as construction financing for the project.





