Press Releases

This week the Vermont Housing Finance Agency (VHFA) Board of Commissioners approved plans to sell $37 million of bonds during the week of January 8, 2018 as the first Sustainability Bonds to be issued in the State of Vermont.

VHFA announced today that David Adams, Chief of Program Operations, will be retiring from the agency on November 17, 2017.  Concurrently, Maura Collins will be promoted to the position of Deputy Director. “Dave has expertly led our programs through the turbulent economic and mortgage industry changes of the past two decades,” VHFA Executive Director Sarah Carpenter explained.

VHFA invited bids from investors Friday for the "Housing for All" initiative passed by Vermont lawmakers earlier this year.  The proceeds from this financing will be used to create and rehabilitate an estimated 650 rental and owned homes across the state.

Governor Phil Scott has appointed Thomas S. Leavitt of Waterbury Center to VHFA's Board of Commissioners.

Leavitt, has been President and Chief Executive Officer of Northfield Savings Bank since 2014.  Prior to Northfield Savings Bank, Leavitt was President and CEO of MountainOne Financial in North Adams, MA and before that he was on the senior management team of Merchants Bank in Vermont for 16 years.

This morning Union Bank funded nearly $600,000 of Vermont Housing Finance Agency’s (VHFA) highly successful “ASSIST” down payment assistance program. By purchasing Vermont Affordable Housing Credits for the past three years, Union Bank has helped nearly 500 Vermont households buy their first homes.

Executive Director Sarah Carpenter announced Kim Roy has been promoted to Director of Multifamily Asset Management and Compliance at VHFA.  She began her career at the Agency in 1989 in the Communication’s Department and has held a variety of positions with VHFA.  Kim most recently served as Assistant Director of Multifamily Programs. She will take over department leadership from recently retired Sam Falzone.

New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $1 million grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the critical need for affordable housing. The money will be awarded by VHFA over the coming year to several housing developments that have funding shortfalls.

On Monday, April 17, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Low-Income Housing Tax Credits (LIHTC) and Vermont Affordable Housing Credits that will provide almost $37 million in upfront equity to construct and renovate housing for low-income Vermonters ove

At the biennial Vermont Statewide Housing Conference on November 15, two statewide leaders were honored for their service and achievements. Representative Helen Head received the “Legislative Housing Hero” award for her years of commitment to affordable housing.  Head has served as South Burlington’s representative to the Vermont House of Representatives since 2003 and as Chair of the House Committee on General, Housing and Military Affairs since 2007.

BURLINGTON-The message to the hundreds of professionals gathered at the Hilton Burlington yesterday was loud and clear: A stable life starts with stable housing.  Scholars Kathryn Edin and Luke Shaefer described the poignant interviews they had with poor families before writing their renowned book “$2.00 A Day: Living on Next to Nothing in America.”