Yet again VHFA has topped all other states in using Housing Tax Credits – a program designed to serve low income households earning up to 60 percent of the area’s median income (AMI) – for extremely low income households earning less than 30 percent of the AMI. 65 percent of Vermont’s credits served extremely low income households, compared to a national average of just 9 percent.
Growing home size is one of many new home statistics released by Census Bureau
The average single-family house completed in the U.S. in 2011 was 2,480 square feet, compared to 2,392 the year before, according to results of the Census Bureau’s Survey of Construction released recently. The tidbits below as well as many other types of information about new homes are available on the U.S.
Housing events calendar for week of June 25, 2012
Organizing your schedule for next week? Check out the list below and the Events Calendar page on VHFA's website for the latest Vermont housing events.
Tuesday, June 26
1. Health Impact Assessment: Options and Opportunities in Vermont
Down payment requirements often ignored in housing affordability discussions
A recent study by the mortgage risk analysis company Andrew Davidson & Company confirms what many borrowers have been experiencing first-hand during the past few years: lower mortgage interest rates do not make buying a home more affordable when significantly higher down payments are required at closing.&n