Yesterday, VHFA was awarded nearly $2.5 million from the U.S. Department of Treasury in exchange for $289,500 of Housing Credit the Agency had awarded to the Upper Story development in Brattleboro.
Developers will use the funding to help create 24 residential rental units over the newly-expanded Food Coop in downtown Brattleboro.
The project closes this month, and construction will begin shortly after. Project sponsors are Windham Housing Trust and Housing Vermont.
We're pleased to announce Barry Zigas, Director of Housing Policy for Consumer Federation of America and Principal of Zigas and Associates LLC, will deliver the keynote at the 2010 Vermont Statewide Housing Conference.
Thanks to our latest sponsor of the 2010 Vermont Statewide Housing Conference, Nov. 18:
Take a look at our sponsorship rate sheet and if you’d like to sign on, contact Maura Collins.
Congress has granted homebuyers three additional months to close on their properties and still be eligible for federal tax credits.
The bill could be signed into law by President Obama as early as this morning.
The legislation would give buyers until Sept. 30 to complete their home purchases and still qualify for up to $8,000 in tax credits. Previously, buyers had until April 30 to sign a sales contract; June 30 to close.
The bill passed the House Tuesday and the Senate yesterday.
The proposal applies only to buyers who already have signed contracts.