A recent report by Rutgers University, entitled "No End in Sight: The Agony of Prolonged Unemployment," describes the pervasive nature of unemployment among people who lost their jobs during the recent recession.
The report is based on a national survey of 900 people who were unemployed in August 2009. Participants were then re-interviewed six months later in March 2010.
The study found:
The National Low Income Housing Coalition (NLIHC) is asking organizations to sign a letter to be sent to The National Commission on Fiscal Responsibility and Reform.
The letter urges the Commission to adopt the principle that lower income people should not be harmed by its recommendations, and emphasizes smart investments to help low income people will strengthen the economy and the nation.
In June, NLIHC joined more than 100 national organizations in signing the letter, which was organized by the Coalition on Human Needs.
The Addison County Independent published a story today about the county's housing challenges.
VHFA Policy & Planning Manager Maura Collins, as well as our friends at Addison County Community Trust, NeighborWorks of Western Vermont and John Graham Emergency Shelter, are quoted in the piece.
Even though the state’s economy is recovering by many indicators, economists project a continued decline in Vermont home prices and foreclosure rates hovering at an all-time high through at least mid-2011.
All states except North Dakota experienced home sales declines in January-March 2010 relative to 12 months earlier, according to Federal Housing Finance Agency repeat sales indices.
The extent of Vermont’s home price decline has been far less severe than most states. In fact, only seven states fared better when looking at the Federal Housing Finance Agency’s first quarter 2010 data.