In light of the storm forecast for next week, owners and managers of Vermont's subsidized rental housing are encouraged to be sure that all vacancies are listed in the Vermont Directory of Affordable Rental Housing.
Grant funds totalling $25 million are available from HUD to help cover the cost of improvements to existing HUD-assisted elderly apartment complexes to respond to the needs of elderly individuals who are aging in place.
Many applicants for assisted rental housing in Vermont will now need only complete a single application as a beginning point in the process of applying for housing under the many different programs available.
Yesterday, HUD released its 2012 income limits. These limits apply to housing developments financed with Low Income Housing Tax Credits or tax exempt private equity bonds, known by HUD as Multifamily Tax Subsidy Projects (MTSPs).
Review the limits for Vermont.
VHFA, the New Northgate Housing, LLC, and the U.S. Department of Housing & Urban Development (HUD) came together yesterday to sign the legal documents firming up a new and improved financing structure for the Burlington apartment complex.
The American Lung Association announced a new online resource on the issue of smokefree multi-unit housing, Smokefree Policies in Multi-Unit Housing: Steps for Success. These tools are targeted to public health advocates fairly new to the topic, property managers, residents and others will find the .
Over the past 18 months, VHFA, the Vermont Housing Managers Association (VHMA) and other statewide housing providers and advocates have been working on the concept of developing a universal rental application that could meet the basic needs of most housing programs in Vermont. A streamlined approach has been requested by rental applicants, case managers and social service agencies working with rental applicants for years. The need to simplify the process was identified in June at Governor Shumlin’s Housing the Homeless Summit and is even more pressing with the housing issues following the devastation wrought by Irene.
We've posted the 2011 application deadline for Act 68 subsidized rental housing certification: Feb. 25.
Act 68 categorizes all Vermont properties as "homestead" or "non-homestead," charging a higher tax rate for non-homestead properties.
Subsidized housing buildings are, by default, considered non-homestead properties under Act 68. Luckily, the law allows owners/managers of those properties to apply to reduce their assessment to reduce their tax burdens to something more akin to homestead status.
More details about Act 68, the process of applying for the subsidized rental housing designation, as well as a PDF application are all available online.
A quick reminder for owners and managers of subsidized rental properties in Vermont: You can post your vacancies online, free, at the Directory of Affordable Rental Housing (DoARH).
With Hurricane Earl bearing down on the Northeast this weekend, this might be a good time to make sure the DoARH contains all your current vacancies.
VHFA will start requiring multifamily properties provide proof property owners/managers have filed annual compliance statements with the Vermont Department of Health regarding essential maintenance practices (EMP).
In an effort to reduce exposure to harmful lead, owners and managers must complete EMP in all rental housing built before 1978 and file annual compliance statements with the Vermont Department of Health.
VHFA will be confirming statements have been submitted when we're onsite performing physical inspections and file reviews of our properties.
Please be prepared to show us evidence your compliance statement has been filed with the state!