Vermont Housing Finance Agency (VHFA), located in Burlington VT, is seeking an Executive Director who will serve as the Chief Executive Officer of the Agency and as such directs and administers all programs, operations, and activities, and oversees the organization of the staff and departments. The Executive Director serves at the pleasure of the Board of Commissioners and performs such duties and functions as they may prescribe, as well as fulfilling the role of Secretary of the Agency.

Residents, staff, and supporters gathered in Brattleboro last week for a ribbon-cutting celebration at Great River Terrace. The project, sponsored Windham & Windsor Housing Trust (WWHT), created 22 affordable apartments for homeless and very low income Vermonters. The $4.6 million project was funded in part by federal and state tax credits and a construction loan awarded by VHFA.

Residents of Parkview Apartments in Newport celebrated energy-efficient improvements to their apartment complex at a ribbon-cutting ceremony held last week. The $3.1 million project was overseen by RuralEdge, which owns the twelve affordable units. The project was supported by Vermont Housing Finance Agency (VHFA), which awarded state and federal tax credits as well as a construction loan.

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. Homeownership rates among young adults today are lower than they were before the recession. This report comes as VHFA and many in the lending, real estate, and housing communities recognize June as national Homeownership Month.