According to a new report from the Center for Housing Policy, affordable housing development drives local economic growth.

The report cites National Association of Home Builders estimates that building 100 new Low-Income Housing Tax Credit units for families can lead to the creation of more than 120 jobs during the construction phase.

Furthermore, that activity ripples through the economy, supporting businesses that supply the construction trade as well as retailers, health services, and restaurants where newly employed workers spend their pay.

In case you missed VHFA Executive Director Sarah Carpenter, front and center, in this photo from this week's Burlington Free Press.

The occasion was a ribbon cutting at the new Canal Street Apartments in Winooski.

Read more in the Free Press story.

VHFA is looking for a new Multifamily Operations Specialist.

The position's primary responsibilities include ongoing maintenance of the multifamily core software applications to include data input and report generation ensuring data integrity of all systems. This position also provides administrative support to the Multifamily Asset Management and Development departments.

Read the job description online. Application deadline is Jan. 21.

We're looking for VHFA home mortgage loan customers, as well as renters of VHFA-financed apartments, to join our collection of success stories.

"Now, more than ever, it's important organizations like VHFA be able to demonstrate the good results of our work," according to Executive Director Sarah Carpenter.

"With government bailouts and growing national debt on everyone's minds, it's important we point out that VHFA and many of the nation's other housing finance agencies are self-sustaining. Our housing finance tools and tax credits are essential to improving stability and vibrancy in Vermont communities."