The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced last week the award of state and federal housing tax credits and loans to support the development, rehabilitation or preservation of 338 permanently affordable apartments in eleven communities across the state.

“Our state is currently facing many challenges in development but also many new opportunities to fund affordable housing,” remarked VHFA Executive Director Maura Collins. “The Vermont development community and housing funders have joined together to make these projects possible and get more Vermonters into safe, decent and affordable homes.”

VHFA joined housing partners in Williston last week to celebrate the completion of major renovations at Whitney Hill Homestead. The project, developed by Cathedral Square, preserves 44 apartments for older Vermonters. The event was also attended by former VHFA Executive Director Sarah Carpenter, who was CEO of Cathedral Square when Whitney Hill was first developed using VHFA-awarded tax credits in 1992. The renovation project received state and federal tax credits and loan awarded by VHFA.

Vermont Housing Finance Agency (VHFA) joined Representative Peter Welch in South Burlington yesterday to announce a $4 million award from the federal government that will support the development of over 300 affordable apartments across Vermont over a three-year period.

VHFA has welcomed Madelyn Stoen and Minelle Sarfo-Adu to the Agency as summer interns.

University of Iowa graduate student Madelyn Stoen (she/her) has been named the Summer 2022 Vermont Housing Fellow. Stoen is pursuing a M.S. Urban and Regional Planning with a concentration in Community and Housing Development and an M.P.H. with a focus on Community and Behavioral Health. She has previously interned as an Eviction Prevention Specialist for Iowa’s emergency COVID-19 rental assistance program. She has a B.S. Global Health Studies and a B.A. Ethics and Public Policy from the University of Iowa.