VHFA is ranked again in the top five Best Places to Work among small and medium sized companies across the state by the Vermont Business Magazine. After receiving the honor of the top spot in 2016, VHFA was ranked fourth for 2017. The award was made last night at the DoubleTree Hotel in South Burlington where Governor Phil Scott and hundreds of employees from the 45 companies ranked as finalists gathered.
Vermont's housing and community development priorities proposed for upcoming year
The Vermont Agency of Commerce and Community Development recently published its Draft 2017 Annual Action Plan and Draft Vermont National Housing Trust Fund Allocation Plan for comment. These and other consolidated planning materials are available on ACCD's website.
A public hearing will be held April 7, 2017. Written comments will be accepted through May 8, 2017.
VHFA is hiring!
VHFA has an immediate opening for a Multifamily Housing Management Officer. Named Vermont's Best Small Place to Work in 2016, we are looking for an individual who will help us maintain our great reputation, and who demonstrates a strong work ethic, is creative, puts customers first, and works well both independently and as a team player.
Strength of VHFA bonds prompts Moody's to upgrade rating to Aa2
Strong financial performance contributed to a rating upgrade to Aa2 for VHFA's multiple purpose bonds from Moody's Investors Service last week. The rating applies to new multiple purpose bonds and all outstanding long-term debt under the multiple purpose bond program.
"The Aa2 long-term rating reflects the strong financial position of the Multiple Purpose Bond program as well as the Agency's decision to primarily originate mortgage backed securities, sound legal structure, cash flow projections that exhibit sufficient reserves to pay timely debt service and management oversight" explained Moody's March 1, 2017 Credit Opinion.