VHFA has taken two big steps towards making housing more affordable in the Green Mountain State.
We closed two bond deals this week: one will fund mortgages for lower income homebuyers and the other restructures and provides the loans for 25 different multifamily rental projects, lowering their interest rates and extending how long the developments must remain affordable.
Five Vermont housing Web sites — Vermont Housing Data, the Vermont Housing Managers Association's site, Vermont Rental Codes, the Vermont Resident Services Coordinators site, and the Vermont Housing Awareness site-- were offline briefly this morning for maintenance.
Yesterday, the Burlington Housing Authority acquired the Bobbin Mill Apartments. This acquisition preserved 51 Section 8 assisted apartments in Burlington.
Seth Leonard of Winooski has joined VHFA as Homeownership Outreach Coordinator. He will be responsible for education and training, marketing of VHFA mortgage programs and program development.
Seth comes to VHFA after four years with Opportunities Credit Union where he was a Branch Manager, responsible for mortgage and consumer lending and marketing.