Andy Gurley, VHFA’s underwriter and loyal partner from its creation through his retirement in 2008, died suddenly of a heart attack on Monday. A prominent banker in the municipal bond industry, Gurley played a role in the creation of the VHFA in 1974, providing guidance to the state and explaining how it would benefit from a housing finance agency.
The Vermont Homeless Awareness Vigil and Legislative Day
With greater dissention than in the Senate, the U.S. House of Representatives passed the fiscal cliff compromise bill last night. Despite considerable debate among House members about a lack of spending cuts, the bill retains a provision fixing the 9% credit rate for Low Income Housing Tax Credit allocations made up to January 1, 2014, according to analysis by the Housing Advisory Group.
Eligible households who are customers of Green Mountain Power can get a 25% discount off the monthly charge for the first 600 kilowatt hours of energy they use. This discount will save some households a total of up to $300 each year. The program is administered by the Vermont Department for Children and Families.