Seven Days, the Burlington area's alternative weekly newspaper, made Burlington's tight rental market its cover story this week.
In "Unfair Market," Andy Bromage writes "Burlington ... continues to boast one of the lowest vacancy rates in the country: an astonishing 1.3 percent. In other words, for every 1,000 apartments in the city, just 13 are available for rent at any given time.
"A 5 percent vacancy is considered healthy for a city; anything lower than that is considered “tight."
The Sept. 9 joint meeting of the Vermont Affordable Housing Coalition and Vermont Coalition to End Homelessness will feature guest speakers Senate President Pro Tem Peter Shumlin and House Speaker Shap Smith.
They will share their perspectives on the past year and the year ahead.
Jen Peterson from the Vermont Community Foundation will discuss how the Foundation can help non-profits face the current tough economic times.
We've posted three new PDF documents to our "Official bond/note statements" page:
The September/October issue of Livin' the Vermont Way magazine features a story titled "Hunkering Down: Vermont's banks weather the economic storm."
The 3-page article by Cindy Ellen Hill of Middlebury quotes Tom Candon, Deputy Commissioner of the Vermont Department of Banking, Insurance, Securities and Health Care and a Commissioner of VHFA: "The national economy does impact on us here ... but we're apparently better off than most are."
The article points out Vermont has one of the lowest rates of foreclosures and bankruptcies in the U.S.