Partner organizations

The Algiers Village redevelopment project in Guilford  was recently selected as a winner of the national Phoenix Award. This award honors the team of dedicated Vermont partners who led the transformation of a rural village that had fallen into disrepair and become contaminated by petroleum.  

Governor Shumlin, VHFA’s Sarah Carpenter and many others gathered yesterday to celebrate the opening of South Main Apartments in Waterbury.

When Ladd Hall was hit by Tropical Storm Irene in 2011, few would have imagined the remarkable transformation that would take place over the next four years. Originally constructed in the 1890s and then converted to state agency offices, Irene’s flood waters invaded the building through heating system tunnels. 

There were smiles a plenty in Putney Thursday as the community celebrated the renovation of the historic Plantz house at 27 Old Depot Road. The apartments will be managed by Windham and Windsor Housing Trust who oversaw the renovation process.

According to VHFA’s Sarah Carpenter who attended the celebration, “we were delighted to provide Low-Income Housing Tax Credits to help create the equity for such a worthwhile project.”  Many other funders were involved in the project including Housing Vermont and Historic Tax Credits.   

The latest Vermont Department of Health survey indicated that nearly 60% of Vermonters would be more likely to choose living in a smoke-free building over a similar building in which smoking was permitted.

There was even greater support for limiting smoking in building entryways; roughly 80% of survey respondents supported limiting or outright prohibiting smoking in entryways. 

Tony Hernandez, USDA Rural Development’s (RD) Rural Housing Service Administrator, visited VHFA to share his plans for RD’s programs and policies for the future. The roundtable format brought together 20 housing leaders from across the state including Rutland, the Northeast Kingdom, and northwestern Vermont.

The amount of income needed to afford a modest apartment puts Vermont among the most expensive states in the country, according to today’s Out of Reach 2015 report, jointly released by the National Low Income Housing Coalition and the Vermont Affordable Housing Coalition.

A recent study from Harvard’s Joint Center for Housing Studies uses experience gained during Vermont initiatives to suggest effective strategies for mobile home replacement.  VHFA’s allocation of tax credits for helping Vermonters replace dilapidated mobile homes is one the report’s examples of resourcefulness.

On Monday, April 20, the VHFA Board of Commissioners committed $2.55 million in federal low-income housing tax credits and $432,500 in state housing tax credits to expand Vermont’s stock of affordable, energy-efficient housing.  The tax credits will generate approximately $23.5 million in upfront equity for the construction and rehabilitation of 452 primarily rental homes across the state, guaranteed to remain affordable for at least 30 years.   

Caryl Stewart, founder and president emeritus of Opportunities Credit Union passed away at the age of 85 on Saturday, March 28, 2015, after a short illness. 

When:   June 2, 2015, 8:00 a.m. – 4:15 p.m..

Where: Red Schoolhouse, Vermont Technical College, 46 So. Randolph Rd, Randolph Center, VT