An estimated 1,000 households living in South Burlington pay more than half of their incomes for housing, according to VHFA’s recently completed housing needs assessment for the City of South Burlington. Nearly 600 of these households are renter households, while the other 400 households own their homes.
Andy Gurley, VHFA’s underwriter and loyal partner from its creation through his retirement in 2008, died suddenly of a heart attack on Monday. A prominent banker in the municipal bond industry, Gurley played a role in the creation of the VHFA in 1974, providing guidance to the state and explaining how it would benefit from a housing finance agency.
The Vermont Homeless Awareness Vigil and Legislative Day
With greater dissention than in the Senate, the U.S. House of Representatives passed the fiscal cliff compromise bill last night. Despite considerable debate among House members about a lack of spending cuts, the bill retains a provision fixing the 9% credit rate for Low Income Housing Tax Credit allocations made up to January 1, 2014, according to analysis by the Housing Advisory Group.