VHFA-ers gathered yesterday to celebrate Martha Fidalgo’s last week as VHFA’s Human Resources/Office Manager. She will assume a new human resources position at Country Home Products in Vergennes.

Multifamily Programs Director Sam Falzone read an “Ode to Martha” which he’d scribed after hearing of her plans to leave VHFA.

Executive Director Sarah Carpenter noted how much Martha’s grace and effectiveness would be missed.

This full day training, sponsored by Vermont Housing Managers Association, is intended for senior management staff, developers, corporate finance officers, and others involved in decision-making with regard to how credit deals are structured.  

This training covers complex issues such as eligible and qualified basis, applicable fraction, credit calculation (including first year calculation), placed in service issues, rehab projects, tax exempt bonds, projects with HOME funds, Next Available Unit Rule, employee units, mixed income properties, vacant unit rule, and dealing effectively with State Agencies.  This course also includes a full discussion of major IRS positions.

Grant funds totalling $25 million are available from HUD to help cover the cost of improvements to existing HUD-assisted elderly apartment complexes to respond to the needs of elderly individuals who are aging in place.