A big thank you to Cohn Reznick who is a platinum sponsor for the 2016 Vermont Statewide Housing Conference.
Twenty-three affordable apartments constructed in Hinesburg
Champlain Housing Trust opened a new apartment complex last week in Hinesburg constructed by Snyder Homes. The 23-unit complex includes 1, 2 and 3 bedroom units with rents ranging from $800 to $1,200 per month.
Federal and state housing tax credits allocated by VHFA provided 64% of the funding needed for the project's development. Additional partners included Vermont Housing Conservation Board, Vermont Community Development Program, the federal HOME program and Housing Vermont.
Read more in Vermont Business Magazine.
New fact sheets show impact and need for housing tax credits in VT
In Vermont, the federal Low-Income Housing Tax Credits allocated by VHFA have financed 6,513 apartments, providing affordable homes to 15,175 low-income Vermont households and supporting 7,360 jobs. However, 15,061 households in Vermont still pay more than half of their income towards rent, and the average minimum wage worker has to work 89 hours per week in order to afford a modest-two bedroom apartment, underscoring the need to expand the Housing Credit.
Kutak Rock sponsors Statewide Housing Conference
A big thank you to Kutak Rock who is a platinum sponsor for the 2016 Vermont Statewide Housing Conference.