We know that housing development in Vermont has slowed in recent decades and this—combined with population growth, a decrease in household size, and wage stagnation—has led to the cost of buying and renting inching more and more out of reach for over one third of Vermonters. Though the solution will necessitate action from many sources, including federal and state government, municipalities can play a vital role in encouraging development and combating unaffordability.
High home prices persist in first half of 2021
The median Vermont primary home sold for $259,900 during the first six months of 2021, compared to $245,000 throughout 2020, a six percent increase. This aligns with the 6.9% price increase seen between 2019 and 2020, suggesting that the state is on track for significant but steady growth in home sale prices.
VHFA launches Vermont Housing 101 video series
Vermont Housing Finance Agency (VHFA) has launched a new video series on how affordable housing works in Vermont and the important housing issues facing our state today.
Vermont Coalition to End Homelessness issues RFP
The Vermont Coalition to End Homelessness has issued a Request for Proposals to be funded by the U.S. Department of Housing & Urban Development (HUD) as part of the FY2021 CoC Program Notice of Funding Availability.
The Vermont Coalition to End Homelessness is the Vermont Balance of State Continuum of Care (VT BoS CoC), which serves Vermonters experiencing or at risk of homelessness. The VT BoS CoC geographic area encompasses all counties in Vermont except Chittenden County. Applications will be submitted to the Vermont State Housing Authority (VSHA), who serves as the “Collaborative Applicant”.