A Vermont household renting outside of the Burlington metropolitan area needs to earn at least $16.91 to afford a modest two-bedroom apartment, according to the latest "Out of Reach" report released by the National Low-Income Housing Coalition.
Wellness challenge winner: Lori Gilding
Lori Gilding was the second winner in VHFA’s “Five-Week Wellness Challenge.”
Lori was selected at random from all staff members who participated in Week #2 of the challenge to receive a gift certificate from Ski Rack.
Diocese property residents to relocate
Champlain Housing Trust (CHT) and HowardCenter will rehabilitate a property on Burlington's St. Paul Street to provide housing for 16 residents living at Lakeview, a property on North Avenue recently sold by the Roman Catholic Diocese of Vermont to Burlington College.
Permits from the City of Burlington have been approved and work began last week.
HowardCenter will provide the same services at the new location as it did at Lakeview.
Vermont homeownership rates hold steady despite national decline
Homeownership rates in the United States, especially among younger households, have been declining since their peak in 2004, according to recent analysis by the National Home Builder's Association.
VHFA wondered whether Vermont was experiencing the same decline.