In addition to construction jobs, the proposed Burlington Town Center plans include creation of 55 new units of affordable housing and 219 market rate homes.  Housing advocates and community leaders joined Burlington Mayor Weinberger today in City Hall Park to discuss ways in which the proposed Town Center would help address the needs of the region’s residents for more affordable homes located near jobs and services. 

Among every 3 Chittenden County renter households, 1 spends more than half of their income for housing.  This creates unsustainable financial pressure and housing instability for struggling, mostly low-income Vermonters.

In addition to other exciting new features, the Vermont Statewide Housing Conference on November 14-15 will be showcasing the most dedicated and innovative projects in our communities. "Projects" could be homeownership or rental housing developments, planning efforts, collaborations, initiatives, or other coordinated efforts. Conference attendees will learn about these projects from concept to reality via posters on display throughout the conference.

Executive Director Sarah Carpenter joined Congressman Peter Welch, Addison County Community Trust (ACCT), Cathedral Square Corporation (CSC) and other partners yesterday to celebrate the opening of McKnight Lane, Vermont’s first net-zero energy affordable housing community. Formerly a blighted mobile home park, McKnight Lane  is a vibrant, new, affordable rental community featuring Vermods, modular,  high-efficiency homes manufactured in Wilder, Vermont. 

VHFA's Executive Director Sarah Carpenter announced today that interested parties are invited to submit comments on how housing tax credits are allocated.  Housing tax credits are Vermont’s primary funding source for developing affordable rental housing.  The comments will be considered during this year’s upcoming revisions to Vermont’s Qualified Allocation Plan (QAP).  As administrator of the housing tax credit program, VHFA allocates credits to specific projects in accordance with identified State needs and Federal requirements outlined in the Vermont QAP. Vermont’s inter-agency Joint Committee on Tax Credits reviews allocation policies and process and makes recommendations on the QAP to VHFA’s Board of Commissioners.