Vermont Housing Finance Agency (VHFA) joined Representative Peter Welch in South Burlington yesterday to announce a $4 million award from the federal government that will support the development of over 300 affordable apartments across Vermont over a three-year period.

VHFA has welcomed Madelyn Stoen and Minelle Sarfo-Adu to the Agency as summer interns.

University of Iowa graduate student Madelyn Stoen (she/her) has been named the Summer 2022 Vermont Housing Fellow. Stoen is pursuing a M.S. Urban and Regional Planning with a concentration in Community and Housing Development and an M.P.H. with a focus on Community and Behavioral Health. She has previously interned as an Eviction Prevention Specialist for Iowa’s emergency COVID-19 rental assistance program. She has a B.S. Global Health Studies and a B.A. Ethics and Public Policy from the University of Iowa.

VHFA joined housing partners in Stowe this week to celebrate the completion of Phase 1 of the River Bend Apartments project. The first phase of the project, developed by Lamoille Housing Partnership and Evernorth, includes nine newly constructed affordable apartments on Maple Street in Stowe. The project received federal tax credits and a loan awarded by VHFA, as well as a loan from VHFA’s Housing Investment Fund (VHIF).

“Projects like this one are easy when you have so many amazing partners working towards the same goal,” remarked VHFA Executive Director Maura Collins.

**Update 6/24/2022: Review draft program guidelines. 

On June 30th, from 1:00-2:30 pm, Vermont Housing Finance Agency (VHFA) will host a web forum to review proposed guidelines and key components of the Missing Middle Homeownership Development Program. This session will offer an opportunity for comments and feedback on how the Missing Middle Program will be implemented.