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.
Senator Bernie Sanders joined the Champlain Housing Trust (CHT) and Housing Vermont yesterday to celebrate the completion of thirty apartments in a single building located off Susie Wilson Road in the Town of Essex. Cedar’s Edge Apartments offers a mix of 24 two-bedroom and six one-bedroom apartments.
Senator Bernie Sanders was in West Rutland Friday to celebrate the conversion of two historic buildings-- Stanislaus School and a former convent that had been unoccupied for years--into affordable, energy efficient housing.
The first phase of renovations at the Forest Park apartment complex in Rutland are complete. Residents began moving into the 33 mixed-income apartments on Hickory Street on Thursday.
Vermont Housing Finance Agency provided federal low-income housing tax credits for the project. A variety of other funding sources included the federal public housing program and HOME program.
VHFA is conducting its annual review of the Qualified Allocation Plan (QAP) for Tax Credits, and will hold a public hearing for feedback next Wednesday.
The QAP determines how VHFA allocates Vermont's Housing Tax Credits. We estimate we'll have $2.63 million in 2011-12 credits to allocate.
Canal Street Veterans Housing, a new $5.6 million building that will provide 16 units of transitional housing for veterans in Winooski, is nearing completion.
U.S. Sen. Patrick Leahy (right) announced a $200,000 commitment in U.S. Department of Housing & Urban Development (HUD) Economic Development Initiative (EDI) funds for Salisbury Square in Randolph.
Yesterday, VHFA was awarded nearly $2.5 million from the U.S. Department of Treasury in exchange for $289,500 of Housing Credit the Agency had awarded to the Upper Story development in Brattleboro.
