On May 5, the bill, S.1193, was introduced. The bill is the Improving the Low-Income Housing Tax Credit Rate Act, which would permanently establish a minimum 9 percent Housing Credit rate and a minimum 4 percent Credit rate for acquisition. Both Senator Leahy and Senator Sanders are original co-sponsors of this bill because they understand the importance of this piece of legislation on future housing development in Vermont.

Executive Director Sarah Carpenter announced Steve Gronlund of Shelburne, VT has joined VHFA as Human Resources Manager.

Steve comes to VHFA from Heartworks and Renaissance Schools where he worked for the past 15 years, most recently as the Human Resources and Business Manager.

“VHFA is happy to welcome someone with Steve’s directly relevant skills and experience in human resources and business planning... His expertise and enthusiasm will help the Agency remain one of the best places to work in Vermont," Sarah said.

A recent study from Harvard’s Joint Center for Housing Studies uses experience gained during Vermont initiatives to suggest effective strategies for mobile home replacement.  VHFA’s allocation of tax credits for helping Vermonters replace dilapidated mobile homes is one the report’s examples of resourcefulness.

Please join the Vermont Community Development Association (VCDA) for its Spring Conference on Thursday May 14, 2015, at The Lyons Den in Randolph, Vermont. The theme is Age Friendly Communities - Possibilities, Challenges and Social & Economic Benefits. VCDA provides Vermonters education and networking opportunities in Community Development. VHFA is proud to be a gold sponsor for this event. Fill out the registration form today.