VHFA-ers spent time together this afternoon assembling household items and gift cards into gift baskets for five families whose homes were damaged by Tropical Storm Irene. 

Executive Director Sarah Carpenter announced that Brittany Garland of South Burlington has joined VHFA as Financial Analyst/Compliance Specialist.

This week marks the 25th anniversary of the Tax Reform Act of 1986, the landmark legislation signed on October 22, 1986 by President Reagan that created the Low Income Housing Tax Credit (Housing Credit). Congress created the Housing Credit to encourage the construction and rehabilitation of affordable apartments for low-income working families by offering owners of such housing a credit against tax liability for 10 years.

Operating within the 2011 Budget Control Act’s tight spending limits, Congress is making difficult decisions about which programs to cut in fiscal year 2012.   In spite of growing housing needs, both the House and Senate are considering substantial cuts to the Department of Housing and Urban Development budget.