Yesterday Champlain Housing Trust's (CHT) Executive Director, Brenda Torpy, accepted the Renewal Award at a reception in Des Moines, Iowa. CHT's shared equity, permanently affordable homeownership program and five other innovative programs were selected during a nationwide search for creative, grassroots solutions to the country’s most pressing social and economic challenges.
Federal HOME program saved through coalition-building and leadership
The recent federal budget agreement included the survival of a program that has become a vital funding source for affordable rental housing in Vermont--the HOME Investment Partnership Program. When proposals arose earlier last year to deeply cut the program, the National Association of Housing Finance Agencies (NCSHA) HOME Coalition tirelessly and effectively gathered evidence of the program’s impact, documen
2015 shows impact of VHFA tools for making homes affordable
Throughout 2015, VHFA focused on finding new ways to help low- and moderate-income Vermonters share in the housing recovery. Almost all of the home buyers who used VHFA’s financing last year were taking the monumental step of buying their first homes. Some homes that were deteriorating after being foreclosed on by other lenders were fully renovated by VHFA through the Housing Acquisition and Rehabilitation Program and sold to qualified home buyers.
Happy Holidays from Vermont Housing Finance Agency