With difficulties mounting for home builders across the country, Vermont’s new home prices have started increasing at a faster pace. After several years of minimal growth, the median new primary home sold for $388,000 in Vermont in 2020, up $22,000 from the prior year, according to Multiple Listing Service (MLS) data. Eighty-nine percent of builders reported that the price of building materials is their top challenge, according to the National Association of Home Builders (NAHB).
Need an affordable apartment?
Do you need an affordable apartment, or know somehow who does?
There are vacancies in 35 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing. Learn more about particular units by clicking on the development name below, or by visiting the vacancy profiles on the website.
Pictured: French Block in Montpelier. Photo courtesy of Evernorth.
VHFA celebrates International Women's Day
Today is International Women's Day, an opportunity to celebrate the many achievements of women while also calling for more progress towards gender equality.
Congress expands access to affordable housing
The Congressional omnibus spending bill, passed at the end of December, had several key housing provisions, including emergency rental assistance and an extension of the period to use federal CARES Act funds. One key inclusion was a permanent minimum 4 percent rate for Housing Credit developments, which could offer nearly $7 million in additional funding for affordable housing projects in Vermont in the next three years alone.