VHFA Executive Director Sarah Carpenter (left) and Housing Vermont President Nancy Owens (center) joined Sen. Bernie Sanders at last week's announcement at Windsor Village.
Report: Homebuyers default less often with local lenders
"Location, location, location" has long been held as a primary factor in real estate sales. Turns out the same might be said for successful home loans.
New research from Ohio State University reveals low-income homeowners who get their mortgages from a local lender — within 10 miles of their new home — were less likely to default on their loan than borrowers who go with more distant lending institutions.
Burlington City Council urges state to protect affordable housing
Quick follow-up to yesterday's post about the Burlington City Council voting last night to add a question to the March ballot urging Vermont lawmakers to pass housing preservation legislation ("Support affordable housing at tonight’s Burlington City Council meeting").
The Council unanimously approved the measure.
Support affordable housing at tonight's Burlington City Council meeting
The Vermont Affordable Housing Coalition (VAHC) is encouraging Burlington residents to attend tonight's Burlington City Council meeting and speak out in support of affording housing in Vermont.
The Council is considering adding a question to Burlington's March ballot urging Vermont lawmakers to protect 300 affordable housing units in the Queen City by passing preservation legislation.
According to VAHC, more than 2,500 affordable units are at risk statewide.