VHFA is pleased to announce Mascoma Bank has joined as a participating lender and is now offering VHFA programs and benefits to eligible homebuyers. Founded in 1899, Mascoma operates as a certified B corporation and brings a purpose driven approach to its customers and community.
VHFA Awards $10 Million In First Year of New Rental Revolving Loan Fund
Earlier this summer the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded just under $10 million from Vermont's newly launched Rental Revolving Loan Fund (RRLF). These awards will fund development of 265 apartments in nine Vermont communities across the state.
The RRLF was created as part of Vermont's Housing Opportunities Made for Everyone (HOME) Act, which was signed into law on June 5, 2023. The Act created RRLF to incentivize the creation and preservation of rental housing for middle-income households earning between 65%-150% of the Area Median Income (AMI). A middle-income two-person Vermont household making 100% AMI is currently defined as having annual income of $82,000-$95,000 depending on location.
Can off-site construction create more affordable homes in Vermont?
A consortium of Vermont housing and community development partners are assessing the Vermont landscape for off-site construction (including panelized construction), modular, and manufactured home initiatives. As local and state policy makers take steps to meet housing needs, the potential of advanced construction approaches continues to draw significant interest. Advocates point to benefits in terms of cost savings, labor, volume, climate and design and building standardization.
2024 Statewide Housing Conference Keynote Speaker: Heather McGhee
The 2024 Statewide Housing Conference Planning Committee is thrilled to announce Heather McGhee as this year’s conference keynote speaker. The conference will be held on Thursday November 14th in South Burlington.
Heather is an author, national political contributor, educator, and public policy leader. For nearly two decades, Heather helped build the "think and do" tank Dēmos, a non-profit public policy organization working to build a just, inclusive, multiracial democracy and economy. She served as the organization’s president for four years.