Standard & Poor's Ratings Services raised its rating on VHFA's multifamily mortgage bonds  from 'BBB+' back to ‘A+’.   

"The upgrade is based on recent legislative changes that resulted in these bonds conforming with our moral obligation criteria," said Standard & Poor's credit analyst Henry Henderson. 

Vermont's econonomy outperformed the U.S. during the past 12 months, with tax revenues that exceeded projections by 2.5%.  Nevertheless, state economists cautioned the legislature and administration of the risks here in Vermont should national policy makers fail to reach an agreement about raising the U.S. debt ceiling. 

Research shows a new way of considering the impact of rising house prices: higher prices mean higher incomes for existing homeowners’ children as they age. Unfortunately, the increase in prices also reduces the earning levels of renter’s children in the future.