Over $11 million of a $50 million program to pay overdue housing costs for homeowners impacted by the pandemic has been disbursed within the first six months of the program. The Vermont Housing Finance Agency (VHFA) launched the Homeowner Assistance Program (HAP) in January 2022 with funding from the federal American Rescue Plan Act. It provides grants of up to $30,000 for income-eligible homeowners.
Vermont home prices continue to increase despite predictions of cooling market
The median Vermont primary home sold for $295,000 throughout the first six months of 2022, compared to $270,000 throughout 2021, a 9.3 percent increase for the first half of the year.
Future strategies to promote homeownership opportunity for BIPOC Vermonters
This article was written by VHFA Spring Housing Fellow Christina Cramer
AHP funding application opens June 6
The Federal Home Loan Bank of Boston (FHLBB)'s Affordable Housing Program (AHP) will begin to accept applications on June 6, 2022. The program will award a minimum of $10.6 million in subsidy funding through member institutions to organizations promoting homeownership and rental housing opportunities for low income households.
Watch out for homeowner relief scams
As many states including Vermont begin to award millions in financial assistance to homeowners impacted by the pandemic, the U.S.
State funding available to replace wells and septic systems
A new program from the Vermont Agency of Natural Resources has funding for low and moderate income Vermont homeowners to replace their home water or wastewater systems. Applications for the first round of funding are open through April 15, 2022.
Vermont home prices increase 19% during pandemic
The median Vermont non-vacation home sold for $270,000 in 2021, a 10.2% increase from the prior year, and a 19% overall increase from prices in 2019, before the pandemic. This is the largest home price increase seen since 2005.
Study reveals racial discrimination in home appraisals
This article was written by VHFA Spring Housing Fellow Christina Cramer
Governor Scott announces new Homeowner Assistance Program to help keep homeowners housed
Governor Scott announces a new grant program, the Homeowner Assistance Program (HAP), which will help Vermont homeowners facing pandemic hardships. The program will be managed through the Vermont Housing Finance Agency (VHFA) and is now accepting applications.
High home prices persist in first half of 2021
The median Vermont primary home sold for $259,900 during the first six months of 2021, compared to $245,000 throughout 2020, a six percent increase.