Vermont’s economy is growing but not in every county, and its gains have disproportionately benefited higher income Vermonters, according to the 2018 update of “State of Working Vermont” from Public Assets Institute. Poverty is distinctly more prevalent among younger Vermonters and Vermonters of color, the report notes.
Housing tax credit program provides major benefits for Vermont economy
New estimates from the ACTION Campaign demonstrate the significant impact that the Low-Income Housing Tax Credit has had in Vermont, including creating and preserving over 7,000 affordable homes since 1986 and supporting nearly 8,000 jobs per year.
VHFA introduces new web tools to help Vermonters find apartments and information about their towns
Vermont Housing Finance Agency (VHFA) announced today the launch of a robust, free resource connecting Vermonters to information about housing vacancies and community needs. Low and moderate income Vermonters who lack adequate, stable housing they can afford suffer elevated health and safety risks.
With housing costs the biggest financial stress for Vermonters, you can’t afford to miss the Vermont Statewide Housing Conference
Last week, Sarah Carpenter, Executive Director of Vermont Housing Finance Agency (VHFA), sat down with Vermont Public Radio’s (VPR) Howard Weiss-Tisman to discuss the results of the annual VPR-Vermont PBS poll. The poll revealed that housing costs are the primary source of financial stress for Vermonters and that respondents believed that lower housing costs would make Vermont significantly more affordable.
Decline in household incomes raises concerns about VT economy
A recent article in the Burlington Free Press highlights Vermont’s stagnating household incomes, raising concerns over the strength of its economy and the ability of its residents to afford housing.
New research shows path to affordable, sustainable homeownership
A recent report from researchers at Ohio State University and Fannie Mae describes new evidence of ways to extend homeownership sustainably. Lower income households seeking to purchase homes face many barriers including lack of wealth for down payment. Further, “after purchasing a home, lower income homeowners are often at higher
Homeownership rate increases, but first-time buyers face barriers
The annual report on housing from the Joint Center for Housing Studies of Harvard University (JCHS) reveals that although homeownership rates are beginning to climb, young adults are finding it increasingly difficult to afford to buy their first home. The report found that from 1990 to 2016 the median home price rose 41 percent faster than overall inflation, outpacing wage growth during the same period.
Rent unaffordable for many Vermont workers
The latest edition of the annual report on rental housing affordability from the National Low Income Housing Coalition and the Vermont Affordable Housing Coalition has found that Vermont has one of the highest gaps in the nation between the cost of rent and renter wages.
Congressional report highlights housing crisis
A task force convened by the New Democrat Coalition, a group of moderate Democrats in the U.S. House of Representatives, has found that housing is becoming increasingly unaffordable and unavailable for many Americans.
