Throughout 2015, VHFA focused on finding new ways to help low- and moderate-income Vermonters share in the housing recovery. Almost all of the home buyers who used VHFA’s financing last year were taking the monumental step of buying their first homes. Some homes that were deteriorating after being foreclosed on by other lenders were fully renovated by VHFA through the Housing Acquisition and Rehabilitation Program and sold to qualified home buyers.
HUD’s 2016 Fair Market Rent standards are effective tomorrow
Earlier this week, HUD published the final 2016 Fair Market Rent standards that will take effect as of tomorrow, December 11, 2015. FMRs are intended to represent the dollar amount below which 40 percent of the standard-quality rental housing units in an area are rented. They are used in HUD rental assistance programs, including the Section 8 and HOME programs.
First-time home buyers face similar challenges in local housing markets across the state
Despite the recovery taking place in most of Vermont's local housing markets, relatively high rents and home purchase prices continue to prevent many younger residents from buying their first home.
Vermont homeownership rate hovers well above declining U.S. rates
Although Census surveys show a clear decline in the national homeownership rate, they don’t show a similar decline for Vermont. At least not yet. Second quarter 2015 estimates show Vermont’s rate at 72 percent, nearly eight and a half percentage points higher t
Less than one percent of U.S. housing is wheel chair accessible
Few housing units in the U.S. are accessible for people with disabilities and even fewer are both affordable and accessible, according to a recent comprehensive study from HUD. About a third of housing in the U.S.
People come and people go: In-migration matches out-migration for Vermont in 2013
About 3.5% of Vermont’s population moved out of the state in 2012-2013—about the same number as those moving in, according to Census estimates. This means that the number of people moving in and out of the state had no net effect on the state’s total population.
Remodeling key to addressing mismatch between aging population and inaccessible housing
The average aging baby boomer plans to “age in place” which will create new levels of demand for remodeling of the currently inaccessible homes they live in, confirms a recent report from Harvard’s Joint Center for Housing Studies.
Student loan balances in two Vermont counties among highest in New England
The average student loan balance is $30,000 among Chittenden and Windsor county residents between the ages of 18 and 44.
Latest Census Bureau estimates added to Vermont Housing Data website
We updated hundreds of estimates pertaining to the housing in Vermont’s communities on the Vermont Housing Data website las
Vermont’s middle class shrunk from 2000 to 2013
Vermont has lost more of its middle class households than most states in the country, according to recent research from the Pew Charitable Trusts. In 2013, 47.4 percent of Vermont households were middle class compared to 52.4