Two new reports show that rental housing in Vermont is unaffordable for many workers, not only for those earning minimum wage, but also for skilled middle-income workers.
Vermont lacks housing for extremely low income households
Nearly 90% of extremely low-income Vermont renters spend an unaffordable amount of their income on housing costs, according to the National Low Income Housing Coalition (NLIHC)’s recently released annual report The Gap: A Shortage of Affordable Homes.
Housing vital to Vermont economy, but many millennials are left out of the market
Last week, VHFA Executive Director Maura Collins spoke on a housing panel at the Vermont Economic Conference in Burlington. She was joined by Jonathan Slason of Resource Systems Group, Inc. and moderator Leslee MacKenzie of Coldwell Banker Hickok & Boardman Realty.
VHFA releases 2018 Annual Report
2018 was another great year for Vermont Housing Finance Agency, continuing its commitment to financing and promoting affordable housing opportunities for low- and moderate-income Vermonters.
Homeownership rate increases, but first-time buyers face barriers
The annual report on housing from the Joint Center for Housing Studies of Harvard University (JCHS) reveals that although homeownership rates are beginning to climb, young adults are finding it increasingly difficult to afford to buy their first home. The report found that from 1990 to 2016 the median home price rose 41 percent faster than overall inflation, outpacing wage growth during the same period.
Rent unaffordable for many Vermont workers
The latest edition of the annual report on rental housing affordability from the National Low Income Housing Coalition and the Vermont Affordable Housing Coalition has found that Vermont has one of the highest gaps in the nation between the cost of rent and renter wages.
Congressional report highlights housing crisis
A task force convened by the New Democrat Coalition, a group of moderate Democrats in the U.S. House of Representatives, has found that housing is becoming increasingly unaffordable and unavailable for many Americans.
VHFA releases 2017 Annual Report
2017 was another highly successful year for Vermont Housing Finance Agency.
Progress update on first year of Building Homes Together campaign
Vermont Governor Phil Scott joined legislative and housing leaders in a press conference last week to update the public on the first year progress of the Building Homes Together campaign.