Seventy-five percent of affordable multifamily housing developments surveyed nationally reported insurance premium hikes over 10% between 2022 to 2023 according to a National Multifamily Housing Council report. Bloomberg and other news outlets have been reporting how “rising insurance rates are crushing affordable housing” which led to a Senate Committee hearing in Congress last year.
Partner organizations
Just Action authors Leah & Richard Rothstein to speak on April 1
VHFA is pleased to be a sponsor of the 2024 April Fair Housing Month kick off event “Just Action” with authors Leah & Richard Rothstein on April 1 starting at 5:30pm at Main Street Landing Performing Arts Center in Burlington. This free event and statewide housing justice book club will promote community-based solutions to housing segregation and exclusion.
Dakota Walker joins VHFA as Vermont Housing Fellow
University of Vermont (UVM) graduate student Dakota Walker (he/him) has been named the Spring 2024 Vermont Housing Fellow. The Vermont Housing Fellowship program is intended to provide the Fellow with valuable experience aiding his professional development. Mr. Walker will receive a financial stipend to analyze municipal zoning codes for the Vermont Zoning Atlas project.
Build America, Buy America Information Session
On March 27th from 9-11 am the Vermont Department of Housing and Community Development will provide a web-based informational session to overview the implementation of Build America, Buy America (BABA) in Vermont.
All residential development, construction, building trades, and building contractor professionals are encouraged to attend. If you are a planning professional working with or in communities supporting housing development that utilize federal funding, please share this information with your building/development networks.
Looking for an internship or exciting new project for 2024?
Join the Vermont Zoning Atlas team and help uncover keys to big challenges like housing affordability and availability. Paid positions for both graduate and undergraduate students are available. These generally entail 10-20 hours each week and last for at least a semester (or the summer), with potential academic credits for an internship or independent study. Vermont is one of many states across the country contributing to the path-breaking National Zoning Atlas.
Homes for All Toolkit Trainer Summit on March 14
Join the VT Department of Housing & Community Development, VHFA and other statewide partners for the Homes for All Toolkit Launch and Training Summit on March 14!
This interactive event is for novice and emerging small-scale home builders seeking to start developing new and renovated homes in Vermont, community development professionals and local leaders looking for new housing tools to support Vermonters, and anyone interested in innovative solutions to Vermont’s housing crisis.
HUD issues Notice of Funding Opportunity for Sec. 811 Program
HUD is seeking applicants for the Section 811 Supportive Housing for Persons with Disabilities Program. This program aims to expand the supply of integrated affordable housing by providing Capital Advance funding for the development of permanent supportive rental housing for very-low-income persons with disabilities who are 18 years of age or older and less than 62 years of age at entry.
VHFA receives $7.5 million in federal and philanthropic awards for investments in affordable housing
Vermont Housing Finance Agency (VHFA) announced it received $7.5 million for housing through a federal award and a generous philanthropic donation. Together, these awards will support the development or preservation of over 300 affordable rental homes, as well as establishing an innovative pilot project to support smaller-scale community housing projects. The recent awards demonstrate how investments from philanthropic donors can help attract new federal funding to meet Vermont’s housing needs.
Join Vermont's Welcoming and Engaging Communities
The Vermont League of Cities and Town (VLCT) is currently accepting applications for its upcoming Welcoming and Engaging Communities Program, designed to foster municipal cultures that are healthy, thriving and supportive. In partnership with Vermont cultural transformation consultancy Abundant Sun, the program features transformative workshops, analytical insight and subsidized participation from VLCT.
Vermont Treasurer's Office makes historic investment in home building
On Wednesday, Governor Phil Scott and Treasurer Mike Pieciak announced a $55.5 million investment in housing, as part of the “10% in Vermont” local investment program.
VHFA will administer $50 million of these funds to construct or rehabilitate an estimated 1,000 homes over the next 2-3 years. The program will support the construction or rehabilitation of traditional affordable housing, market rate apartments, homeownership as well as housing for individuals experiencing homelessness. Additionally, reserves will be made available for households and housing impacted by this summer’s flooding.