The Vermont Housing Finance Agency (VHFA), the Vermont Economic Development Authority (VEDA), and the Vermont Agency of Commerce and Community Development (ACCD) are announcing the results of a new study they jointly commissioned that examines the potential of off-site home construction. Off-site construction homes are built in factories, shipped, and assembled at the housing site by the manufacturer.
Rick DeAngelis and Julie Bond selected as 2024 Vermont Housing Heroes
Last week the Vermont Statewide Housing Conference recognized the contributions of Julie Bond and Rick DeAngelis of Good Samaritan Haven by selecting them for this year’s Vermont Housing Hero award. Good Samaritan Haven is a non-profit providing emergency assistance to people experiencing homelessness in Central Vermont.
VHFA receives $4.5 million for investments in affordable housing
Vermont Housing Finance Agency (VHFA) announced that it has received $4.5 million for affordable housing through its third federal Capital Magnet Fund award. The funds will be invested in VHFA’s Housing Investments for Vermont (HIVE) Fund, which has now raised over $20 million from private and public investments.
Addie Lentzner joins VHFA as Housing Fellow
Addie Lentzner has been named the Fall 2024 Vermont Housing Fellow. The Vermont Housing Fellowship program is intended to provide the Fellow with valuable experience aiding her professional development. Ms. Lentzner will help prepare for the upcoming statewide housing conference and improve the Housing-Ready Toolbox on housingdata.org.
VHFA Awards $10 Million In First Year of New Rental Revolving Loan Fund
Earlier this summer the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded just under $10 million from Vermont's newly launched Rental Revolving Loan Fund (RRLF). These awards will fund development of 265 apartments in nine Vermont communities across the state.
2024 Statewide Housing Conference Keynote Speaker: Heather McGhee
The 2024 Statewide Housing Conference Planning Committee is thrilled to announce Heather McGhee as this year’s conference keynote speaker. The conference will be held on Thursday November 14th in South Burlington.
VHFA Awards State Tax Credits for 287 Rental and For-Sale Homes
On Thursday, the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded Vermont State Affordable Housing Tax Credits for developing rental and for-sale homes across the state. Once they are sold to investors, the credits will yield over $4.8 million in equity to fund construction and substantial rehabilitation of 246 rental and for-sale homes and support the statewide Manufactured Housing Downpayment Program for approximately 41 homes.
Pandemic assistance program awards $41 million to help homeowners
Over $41 million has been paid on behalf of 5,800 Vermont homeowners to help them stay housed during the pandemic, thanks to the Vermont Homeowner Assistance Program (VHAP). The program helped pay for overdue mortgage, property taxes, and utility bills.
VHFA awards federal tax credits to provide $40 million for affordable apartments
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced on Monday April 15, 2024, that its annual award of federal housing tax credits will support the construction of 156 homes in perpetually affordable apartment buildings in five communities across the state. The sale of this year’s tax credits to investors is expected to yield over $40 million in funds, covering an estimated 60 percent of total project development costs.
Chris Gomez appointed to VHFA’s Board of Commissioners
Governor Phil Scott has appointed Chris Gomez of Rutland to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners. Chris Gomez is the President/CEO of Heritage Family Credit Union (HFCU), headquartered in Rutland Vermont.