Vermont Rural Ventures' $30 million award of federal stimulus money was covered in this morning's Burlington Free Press.

You can read the article online.

Vermont Rural Ventures (VRV) will receive $30 million to develop affordable housing and help stimulate economic growth in Vermont.

The funds, in the form of New Market Tax Credits (NMTC), result from the recently-passed American Recovery and Reinvestment Act (ARRA).

A new study reports that providing permanent supportive housing for people in rural Maine is less expensive than serving people while they're homeless.

That conclusion is similar to the one VHFA reached in our May 2008 publication "The Costs and Benefits of Assisting Vermont's Chronically Homeless" (841KB; PDF).

VHFA is seeking comments on its competitive priorities for the new Tax Credit Assistance Program (TCAP).

TCAP is part of the American Recovery and Reinvestment Act (ARRA), signed into law by President Obama on Feb. 17.