Emphasizing the importance of economic recovery in distressed areas, U.S. Department of the Treasury's announced last week the award of $3.6 billion in New Markets Tax Credit (NMTC) nationwide, including $35 million for Vermont projects.  

The NMTC, established by Congress in December 2000, permits individual and corporate taxpayers to receive a credit against federal income taxes for making equity investments in vehicles known as Community Development Entities. Vermont Rural Ventures, Inc., operated by Housing Vermont, was selected along with 69 other entities, to distribute the 2011 tax credits.   Over 314 entites applied nationwide.

Like the rest of New England, 3.8 percent of Vermont's home mortgages were in foreclosure as of December 31, 2011, according to the Mortgage Bankers Association National Delinquency Survey.

The portion of Vermont mortages in foreclosure rose fairly dramatically compared to prior months. Between September 30, 2011 and December 31, 2011, this rate increased more in Vermont than in any other state.  

Since 2009, bonds backed by payments on publicly financed single-family-home loans earned more than all other types of municipal bonds, according to data compiled by Bloomberg.  They also had higher overall returns than the full market and  U.S.

This evening's "Live at 5:25" show on Channel 17 will feature an interview with VHFA's Policy and Planning Manager, Maura Collins.   She&nbsp