New rental apartment complex opens in Essex
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.
Historic West Rutland buildings converted to energy efficient 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.
Hickory Street apartments ready in Rutland
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.
QAP public hearing coming Jan. 19
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 nearly ready
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.
HUD commits $200,000 to Randolph housing
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.
Treasury awards $2.5 million to support Brattleboro housing
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.
VHFA makes available MacArthur funds
VHFA's Development Department has launched new loan programs made possible by the MacArthur Foundation.
Our new pre-development loan program serves preservation projects. Participants are required to make monthly interest payments, with principal due at construction closing.