VHFA Executive Director Sarah Carpenter appeared in a news segment aired by Vermont Public Radio yesterday and today about the Agency's low delinquency and foreclosure rates.
VHFA has published "Analysis of Impediments to Fair Housing Choice" for the City of Burlington.
The 50-page report, required by Burlington’s consolidated planning process, was last published in 1999.
Recent analysis of VHFA home loan data shows delinquency and foreclosure rates of VHFA mortgages were considerably lower than rates for Vermont and the nation.
As of June 30, 2010, VHFA home loans that were delinquent by 90 or more days were just 0.94% of all the Agency’s outstanding loans. Vermont’s rate was more than twice as high: 2.05%. The national rate was 4.54%.
The Vermont Department of Labor released its Economic-Demographic Profile of Vermont, 2010 yesterday.
According to researchers at the Brookings Institution, the poverty rate among all Americans is likely to remain above 14 percent through 2020, due to the relationship between unemployment and poverty.
The situation will be even worse among children, with the poverty rate remaining above 21 percent through 2020.
The worst year is likely to be 2014, with at least 16 percent of all Americans and 26 percent of all children living in poverty.
Effective today, revised fair market rent (FMR) levels will be used to determine the amount of assistance paid by the U.S. Department of Housing and Urban Development (HUD) for apartments held by thousands of low-income households across the state.
FMRs increased 7%, relative to last year, reflecting market rents that've continued to rise and methodology refinements HUD made during recent months.
VHFA researchers are available to speak to members of the media on the 2009 American Community Survey (ACS) data that were released yesterday.
VHFA’s research team includes Policy and Planning Manager Maura Collins, MPA; and Research Analyst Leslie Black-Plumeau, MPP.
Direct inquiries to Communications Coordinator Craig Bailey.
According to American Community Survey (ACS) data released by the Census Bureau today, the median Vermont household income remained unchanged between 2009 and 2008, at approximately $52,000. Thirty-four states experienced a decline in median income. Vermont's median income has remained statistically unchanged for the past four years and is ranked 21st highest, just slightly above the U.S. median.
Approximately 70-80 additional housing units are needed in Hinesburg, Vt., to meet demand among current and prospective residents, according to a June 2010 report for the Hinesburg Affordable Housing Committee prepared by consultants from Development Cycles and Housing Strategies.
The U.S. Census Bureau released figures today showing the nation's poverty rate jumped to 14.3% in 2009. That's the highest level since '94.
That rate indicates 43.6 million Americans are poor — the highest number in the nation's 51 years of keeping track.
The Office of Management and Budget defines poverty for 2009 as earning less than $21,954 for a family of four.