Housing and Community Development stakeholders from across the state gathered in St. Albans on Monday April 1^st to announce funding commitment of $39 million that will support a wide range of housing opportunities across Vermont.  State Treasurer Mike Pieciak and Vermont Housing Finance Agency (VHFA) Executive Director Maura Collins were joined by St.

VHFA hosted a conversation with the affordable housing community and policy leaders on April 2  about the challenges in insuring multifamily affordable housing in Vermont and nationally. The two-hour webinar included:

The median sales price of primary homes sold in Vermont reached $325,000 in 2023, increasing by 5% during that period compared to the prior year, according to recent Vermont Property Transfer Tax (PTT) records. This continues a trend in which no county in Vermont has seen a decline in annual home sale prices since 2019.

Among new homes sold in 2023, the median price statewide increased by 11% relative to the prior year, up to $616,500, according to data from the Multiple Listing Service.     

Seventy-five percent of affordable multifamily housing developments surveyed nationally reported insurance premium hikes over 10% between 2022 to 2023 according to a National Multifamily Housing Council report. Bloomberg and other news outlets have been reporting how “rising insurance rates are crushing affordable housing” which led to a Senate Committee hearing in Congress last year.