NBT Bank is our newest Platinum level sponsor of the 2018 Vermont Statewide Housing Conference. The conference will be held on November 13th and 14th at the Hilton Burlington. Conference registration is open, and a full list of events is available on the conference website. 

Last week, affordable housing partners and city officials celebrated the groundbreaking of Casavant Overlook apartments off of East Allen Street in Winooski’s Gateway District. The project is being developed by Green Mountain Development Group and will be managed on-site by Summit Properties. Casavant Overlook will offer 39 mixed-income apartments, 27 of which will be affordable for low-income households. In addition, four of the affordable units will have access to on-site services provided by the Committee on Temporary Shelter (COTS) to support formerly homeless and at-risk households.

The Board of Vermont Housing Finance Agency (VHFA) announced today the selection of Maura Collins of Essex Junction for the position of Executive Director. Collins will step into her new role on the first of the year when Sarah Carpenter, the agency's Executive Director for the past 20 years, retires. Since joining VHFA in 2002, Collins has held several positions at the agency, most recently as Deputy Director.

After an extensive national search, with over 45 applicants, the Board unanimously approved Collins.

HUD announced last week that it will extend the multifamily risk-sharing initiative with the Federal Financing Bank for VHFA and other eligible U.S. housing finance agencies (HFAs). Created in 2015, this initiative has provided much-needed access for HFAs to the U.S. Treasury’s Federal Financing Bank.

In Vermont, this initiative has helped fund the development of 665 safe, affordable apartments for low income households in 6 communities: Colchester, Rutland, Bennington, Burlington, South Burlington and Bristol.  Financing via this initiative is pending for another 230 apartments in Vermont.