About 430 people packed the Burlington Hilton yesterday to listen, share, and address Vermont’s most pressing housing finance problems. Governor Shumlin opened the conference by recounting the challenges the state has overcome since the unprecedented devastation of Tropical Storm Irene. Equipping our neighborhoods for the “climate change storms” of the future and rebuilding more durably is an absolute requirement, he explained.
He also congratulated the housing agency players in the audience, describing them as the “best housing coalition partnership in America,” in terms of developing and preserving the state’s affordable housing stock and contributing to the state’s economic health. “We can’t grow jobs without affordable housing,” Shumlin acknowledged.
The governor also promised to “put shelters out of business” by continuing to work toward ending homelessness in Vermont.
A plenary panel of national housing finance experts followed the governor’s address. According to the panel, spending caps and sequestration scheduled for the end of the calendar year will put federal funding at risk of significant decreases. Garth Reiman of the National Council of State Housing Agencies explained that an across the board 8% cut is scheduled, on top of the 6%, $2.5 billion, decline in HUD funding that had already taken place since 2010.
Housing and community development programs are taking a disproportionate share of the cuts, Reiman explained. Only 2 percent of the federal spending in FY 2011 was for housing and community development programs, he continued.
The remainder of this day-long conference featured the award of Vermont’s Housing Hero awards and an exciting keynote speaker who’s achievements in housing research and federal policy-making are widely acclaimed—Dr. Xavier de Souza Briggs. The Housing Hero awards went to Governor Madeleine Kunin for her commitment as Vermont’s chief executive to affordable housing when federal support declined during the 1980s and to Shaun Gilpin and the Vermont Mobile Home Program for tireless coordination and work with mobile home residents in the aftermath of Tropical Storm Irene.
Conference attendees also participated in 17 different workshops on topics ranging from financing green energy in homes to developing small (“cottage home”) neighborhoods. A final networking reception featured a book-signing by Kunin. Attendees ranged from Realtors, legislators, and bankers to advocates and residents.
The conference is put on every other year and organized by VHFA. It is a result of planning and partnership between several organizations: Housing Vermont, the U.S. Department of Agriculture’s Rural Development Service, Vermont Housing and Conservation Board, Vermont’s Department of Economic, Housing and Community Development, Vermont Affordable Housing Coalition, Vermont Mortgage Bankers Association, and VHFA. The next Vermont Statewide Housing Conference will be held in November 2014.
Photos from the event will be posted in the next few days at www.vhfa.org/conference and on VHFA’s face book page at www.facebook.com/vermonthousingfinanceagency
For more information, check out today’s Burlington Free Press, Sunday’s Rutland Herald, or WCAX.
Pictured: Ted Wimpey, Champlain Valley Office of Economic Opportunity and Kathy Luce, Maloney Properties. Photographer: Sam Falzone.