In Vermont, the federal Low-Income Housing Tax Credits allocated by VHFA have financed 6,513 apartments, providing affordable homes to 15,175 low-income Vermont households and supporting 7,360 jobs. However, 15,061 households in Vermont still pay more than half of their income towards rent, and the average minimum wage worker has to work 89 hours per week in order to afford a modest-two bedroom apartment, underscoring the need to expand the Housing Credit.

A big thank you to Kutak Rock who is a platinum sponsor for the 2016 Vermont Statewide Housing Conference.

Need an affordable apartment or know someone who does? Vermont has plenty of options! There are vacancies in 15 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.

In response to declining housing affordability in many parts of the country, the White House released a report this week on best practices for reducing local housing development barriers. The accumulation of these barriers has reduced the ability of many housing markets to respond to growing demand, the report explains.