The State of Vermont's Department of Housing and Community Development will conduct a public hearing to receive input on its Housing and Urban Development (HUD) Consolidated 2019 Action Plan.
Housing vital to Vermont economy, but many millennials are left out of the market
Last week, VHFA Executive Director Maura Collins spoke on a housing panel at the Vermont Economic Conference in Burlington. She was joined by Jonathan Slason of Resource Systems Group, Inc. and moderator Leslee MacKenzie of Coldwell Banker Hickok & Boardman Realty.
Interim Zoning in South Burlington likely to reduce housing affordability
Due to its upward pressure on home prices, VHFA urged the South Burlington City Council this week to end the ban on home building known as Interim Zoning. South Burlington adopted the Interim Zoning Bylaw on November 13, 2018 after protests about future home building proposed within the City.
Next to Burlington, South Burlington has been the largest community in Vermont for many years. Since 2010, South Burlington experienced modest annual housing stock growth of 2%, similar to Essex, Shelburne and Williston. With other parts of the state facing population and economic decline, allowing for growth near jobs is considered by many to be essential for local and regional economic vitality.
VHFA releases 2018 Annual Report
2018 was another great year for Vermont Housing Finance Agency, continuing its commitment to financing and promoting affordable housing opportunities for low- and moderate-income Vermonters.