The Office of the Comptroller of the Currency (OCC) has published “Reverse Mortgages: Are They for You?,” a consumer advisory to help folks better understand reverse mortgages.
A reverse mortgage is a loan against your home that you don't have to pay back for as long as you live in your home. They're generally made available to consumers 62 or older, and can be used to supplement retirement income or meet health care or other financial needs.
VHFA does not offer a reverse mortgage program.
Burlington's Committee on Temporary Shelter (COTS) is looking for donations of winter coats to help its clientele of homeless Vermonters prepare for the cold weather.
VHFA's Socially Responsible Committee has started a campaign to encourage employees to purge their closets of unneeded coats and jackets to donate to the cause.
If you have new or gently-worn winter coats you'd like to donate, contact COTS Director of Development Kim Borsavage at [email protected] or 802.864.7402 x107.
Some photos from Saturday's event at Northgate housing complex in Burlington.
Residents of Northgate celebrated 20 years of resident leadership. The Northgate Residents’ Ownership Corp. recently acquired ownership of the property, making it 100 percent resident-owned.
In light of $2.34 million in federal stimulus funding coming to help restore Forest Park in Rutland — Read our previous post — the Rutland Herald has published a story looking at the history of that early-'70s housing development.
VHFA Executive Director Sarah Carpenter is quoted in the piece by staff writer Stephanie Peters.