On Monday, April 17, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Low-Income Housing Tax Credits (LIHTC) and Vermont Affordable Housing Credits that will provide almost $37 million in upfront equity to construct and renovate housing for low-income Vermonters over the next several years. The $2.5 million in ten-year federal capped credits, $610,000 in ten-year federal uncapped “bond” credits and $485,000 in five-year state credits will support the development of 272 affordable apartments in 11 communities across the state.
$35 million bond would have long-lasting benefits
Housing developers, business leaders, smart growth policy experts and poverty advocates joined together to support the passage of a $35 million housing bond this afternoon at a press conference at Vermont’s State House in Montpelier.
Recommended in Governor Scott's budget proposal, the housing bond would address a significant need for affordable housing in Vermont, help to alleviate homelessness, house the workforce, and provide expanded homeownership opportunities for Vermonters.
Burlington celebrates opening of apartments and Daystation for Vermonters facing homelessness
Governor Phil Scott joined Congressman Peter Welch, Burlington Mayor Miro Weinberger and many other supporters to celebrate the opening of 14 new apartments for people facing homelessness and a newly rebuilt Daystation and Housing Resource Center. The Committee on Temporary Shelter (COTS) will oversee the apartments and operate the Daystation and Housing Resource Center, all of which are located at 95 North Avenue in Burlington’s Old North End neighborhood.
April is Fair Housing Month!
Please join VHFA and other housing leaders in celebrating April as Fair Housing Month! To honor the importance of Fair Housing activities in Vermont, all are welcome to the State House on Tuesday, April 4th where there will be information in the Card Room all day as well as fair housing experts on hand to answer questions or discuss recent initiatives. At 10 am there will be a reading of a Concurrent Resolution endorsing April as Fair Housing month.
As noted by the Champlain Office of Economic Opportunity, "April has come to be recognized and proclaimed as Fair Housing Month because the Federal Fair Housing Act was signed into law on April 11, 1968.