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.
VHFA awards state tax credits to create affordable homeownership opportunities
On Monday, the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded $425,000 in state housing tax credits for homeownership development projects. Once sold to investors, the credits will yield nearly $2 million in equity for construction. The projects will create new, high-quality homes affordable to low- and moderate-income Vermont homebuyers, which are virtually unavailable in Vermont’s in private housing market.
Annual housing report shows disparate outcomes during pandemic
The Joint Center for Housing Studies of Harvard University recently released their annual State of the Nation's Housing report
New draft guidelines for upcoming Vermont Homeowner Assistance Fund released
VHFA released a draft program description and income limits this week for the Homeowner Assistance Fund that will start in the next few months.
Applications for Vermont COVID Emergency Mortgage Assistance due by 4PM on June 30, 2021
Due to limited funding, applications for the current round of Vermont COVID Emergency Mortgage Assistance must be submitted by 4:00 PM on Wednesday, June 30, 2021.
Seeking input on Homeowner Assistance Fund counseling/services and home repair components
VHFA is gathering input and data regarding two components of the Homeowner Assistance Fund (HAF) slated to open later this year. HAF was created by the federal American Rescue Plan Act to provide relief for homeowners experiencing financial hardship after January 2020.
Share your ideas about helping Vermont homeowners recover from pandemic hardship
VHFA will be hosting two public meetings on June 1 and June 3 to discuss how to use federal American Rescue Plan Act funding to serve Vermont homeowners. The Homeowners Assistance Fund, created by the act, will provide Vermont up to $50 million over the next 3 years to provide assistance for mortgage payments and other expenses troubling homeowners with pandemic-related hardship.