Development

The recent federal budget agreement included the survival of a program that has become a vital funding source for affordable rental housing in Vermont--the HOME Investment Partnership Program.  When proposals arose earlier last year to deeply cut the program, the National Association of Housing Finance Agencies (NCSHA) HOME Coalition tirelessly and effectively gathered evidence of the program’s impact, documen

Two measures that help address the affordable housing needs of low-income Vermonters are likely to be passed in federal tax and omnibus spending bills on Capitol Hill this month.

VHFA intends to consider new projects for the federal 9% Housing Credit and Vermont State Housing Credits at the April 2016 VHFA Board of Commissioners meeting. In order to provide sufficient time to review the proposals from developers, VHFA must receive a complete application by January 29, 2016.

The American Institute of Architects, in conjunction with HUD, is now accepting entries for the 2016 Housing and Community Design Awards Program.  Owners of structures and architects licensed in the United States are invited to submit project designs of any size, budget, or style.  Only projects completed after January, 1, 2011 will be considered for the awards. All entries must be submitted electronically before November 20, 2015 at 5:00 pm EST.

Governor Shumlin joined Woodstock residents, local officials, and statewide housing partners yesterday to celebrate the creation of 28 new affordable rental apartments at the Safford Commons complex.  Safford Commons is on the site of the former Grange Hall and church on Route 4 in Woodstock.  While 24 of the new apartments are in newly-constructed building

The Algiers Village redevelopment project in Guilford  was recently selected as a winner of the national Phoenix Award. This award honors the team of dedicated Vermont partners who led the transformation of a rural village that had fallen into disrepair and become contaminated by petroleum.  

Governor Shumlin, VHFA’s Sarah Carpenter and many others gathered yesterday to celebrate the opening of South Main Apartments in Waterbury.

There were smiles a plenty in Putney Thursday as the community celebrated the renovation of the historic Plantz house at 27 Old Depot Road. The apartments will be managed by Windham and Windsor Housing Trust who oversaw the renovation process.

On Monday, April 20, the VHFA Board of Commissioners committed $2.55 million in federal low-income housing tax credits and $432,500 in state housing tax credits to expand Vermont’s stock of affordable, energy-efficient housing.