The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal and state housing tax credits will support the development of 214 permanently affordable apartments in nine communities across the state. Low and moderate income Vermont renters will benefit from a 12.5 percent increase in Vermont’s annual allocation enacted by Congress last year.
Katie Buckley and Fred Baser appointed to VHFA’s Board of Commissioners
Governor Phil Scott has appointed Katie Buckley of Brattleboro and Fred Baser of Bristol to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners.
Seth Leonard joins VHFA as Managing Director of Community Development
Executive Director Maura Collins announced that Vermont Housing Finance Agency (VHFA) has hired Seth Leonard of Winooski for the newly created position of Managing Director of Community Development. Leonard comes to VHFA from the USDA Office of Rural Development, where he served as Housing Program Director for Vermont and New Hampshire. Prior to that, Leonard worked at VHFA for four years as Homeownership Outreach Coordinator.
New England Federal Credit Union gives $500,000 for affordable homes in Northwest Vermont
New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $500,000 grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the area’s shortage of housing affordable to Vermonters with low and moderate incomes. The money will support construction and renovation costs for perpetually affordable homes in Bristol, Jericho and several other towns.
VHFA introduces new web tools to help Vermonters find apartments and information about their towns
Vermont Housing Finance Agency (VHFA) announced today the launch of a robust, free resource connecting Vermonters to information about housing vacancies and community needs. Low and moderate income Vermonters who lack adequate, stable housing they can afford suffer elevated health and safety risks.
Vermont Housing Finance Agency wins national award for using state housing tax credits to help home buyers
This week Vermont Housing Finance Agency (VHFA) received national recognition for pioneering the use of state housing tax credits to provide down payment assistance to low- and moderate-income Vermonters.
Maura Collins named as VHFA's next Executive Director
The Board of Vermont Housing Finance Agency (VHFA) announced today the selection of Maura Collins of Essex Junction for the position of Executive Director. Collins will step into her new role on the first of the year when Sarah Carpenter, the agency's Executive Director for the past 20 years, retires.
Executive Director Sarah Carpenter announces retirement from VHFA
Vermont Housing Finance Agency (VHFA) announced today that later this year Sarah Carpenter, Executive Director, will be retiring, after twenty years at the agency’s helm. “As a result of Sarah’s vision and skill thousands of Vermonters have moved into decent, affordable homes since she arrived at VHFA in 1998,” said Randy Amis, chair of VHFA’s Board of Commissioners.
VHFA awards millions in tax credits for affordable rental housing development
On Monday, April 16 the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Housing Tax Credits and Vermont Affordable Housing Credits to construct and renovate apartments for low-income Vermonters over the next several years. The $3.5 million in ten-year federal capped credits, $319,000 in ten-year federal uncapped “bond” credits and $173,000 in five-year state credits will support the development of 251 apartments in eight communities across the state.