VHFA's Executive Director Sarah Carpenter announced today that interested parties are invited to submit comments on how housing tax credits are allocated. Housing tax credits are Vermont’s primary funding source for developing affordable rental housing. The comments will be considered during this year’s upcoming revisions to Vermont’s Qualified Allocation Plan (QAP). As administrator of the housing tax credit program, VHFA allocates credits to specific projects in accor
VHFA AND UNION BANK TURN TAX CREDITS INTO DOWN PAYMENT HELP FOR VERMONTERS
By purchasing $125,000 in Vermont Housing Tax Credits last Friday, Union Bank supplied the equity needed to help approximately 125 households buy their first homes in Vermont this coming year. These households will receive up to $5,000 to help cover their down payment and closing costs through a statewide program when they qualify for a Vermont Housing Finance Agency mortgage.
VHFA awards millions in tax credits for affordable housing: Credits create 31 permanent homes for people who are homeless in four communities
BURLINGTON, VT -- On Monday, April 18, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal low-income housing tax credits and state affordable housing tax credits that will provide almost $25 million in upfront equity to construct and renovate housing for low-income Vermon
JOSH MEAD JOINS VHFA AS OPERATIONS COORDINATOR
Executive Director Sarah Carpenter announced Josh Mead has joined Vermont Housing Finance Agency as Operations Coordinator. Josh has been working locally providing administrative and technical support to external customers for Alutiiq Technical Services out of Alaska.
VHFA tops list of best places to work
VHFA was ranked number one Best Place to Work among small and medium sized companies across the state by the Vermont Business Magazine. The award was made last night at the Echo Lake Aquarium and Science Center, where hundreds of employees from the 38 companies ranked as finalists gathered.
Governor kicks off new down payment assistance program
Governor Shumlin joined leaders from VHFA, the Vermont Legislature and the business community today to launch a bold new effort to help the state’s first-time home buyers. Each qualified buyer will receive up to $5,000 for down payment and closing costs.
RANDY AMIS TO CHAIR VHFA BOARD OF COMMISSIONERS
Governor Peter Shumlin has appointed Randy Amis of Burlington to chair the VHFA's Board of Commissioners.
BURLINGTON, VT About 450 policy makers, housing developers, lenders and advocates convened today to learn from national and state leaders and to identify the state’s most pressing housing issues. The conference was kicked off by Governor Shumlin as he discussed his priorities for housing, followed by interactive instant polling designed to capitalize on this rare convening of the state’s full cadre of housing voices. Polling results showed little disagreement among conference participants about the severity of the state’s shortage of housing affordable to lowincome Vermonters.
BURLINGTON, VT Thanks to low interest rates and a little known housing program making big impacts, this is a great time to buy a home. The Housing Acquisition & Rehabilitation Program (HARP), administered by the Vermont Housing Finance Agency (VHFA), is helping qualified home buyers buy beautifully restored and energy efficient homes in the Northeast Kingdom as well as other parts of the state.
BURLINGTON, VT This week marked VHFA’s unprecedented release of $20 million in financing for Vermont home buyers with a new, historically low, fixed interest rate of 3.875% for 30-year mortgages. The low rate is available for VHFA’s conventional and government loan programs, and is available exclusively through VHFA participating lenders. “This rate helps us extend the dream of homeownership to more people,” said VHFA Executive Director Sarah Carpenter.