Housing developers, business leaders, smart growth policy experts and poverty advocates joined together to support the passage of a $35 million housing bond this afternoon at a press conference at Vermont’s State House in Montpelier.
Since it was signed into law as part of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (Housing Credit) has become our nation’s most successful tool for building and preserving affordable rental housing. By providing an incentive for private sector investment, the Housing Credit has financed nearly 3 million apartments across the country for low-income workers, families, seniors, veterans, and those with special needs. It creates opportunities for the millions of fa
VHFA's Executive Director Sarah Carpenter announced today that interested parties are invited to submit comments on how housing tax credits are allocated. Housing tax credits are Vermont’s primary funding source for developing affordable rental housing. The comments will be considered during this year’s upcoming revisions to Vermont’s Qualified Allocation Plan (QAP). As administrator of the housing tax credit program, VHFA allocates credits to specific projects in accor
In Vermont, the federal Low-Income Housing Tax Credits allocated by VHFA have financed 6,513 apartments, providing affordable homes to 15,175 low-income Vermont households and supporting 7,360 jobs.
Demand for apartments and denser neighborhoods is driving home construction in Chittenden and Franklin counties this year according to a recent article in Vermont Business Magazine that surveyed area builders and housing experts, including VHFA Executive Director Sarah Carpenter.
The median income among Vermont households increased in 2015 to $56,990, according to US Census Bureau estimates released this week. The last time this indicator increased for Vermont was 2011.
Improvements in household income in 2015 were experienced nationwide and reported earlier this week by the Census Bureau.
On October 1, 2016, the Fair Market Rents in every Vermont county will go up. Fair Market Rents
A steering committee of housing and service providers, state agencies and funding organizations is working to reduce homelessness and stabilize vulnerable populations. The committee’s current goal is to develop a system for facilitating service-connected affordable housing options, building local capacity, determining costs and identifying available and needed resources.
More than 30 percent of the households in Vermont’s rural counties are now cost burdened by their housing expenses—a stark increase since 2000, according to a recent Harvard analysis of non-metro areas nationwide. This interactive map shows the increase in cost burden rates sweeping U.S. rural areas.
