Residents of Heritage Courts in Poultney are celebrating the recent renovation of their apartment complex. The $3.1 million project was managed by the Housing Trust of Rutland County, which owns the property. The project was funded in large part by VHFA, which awarded both state and federal tax credits as well as loans. This renovation allows Housing Trust of Rutland County to preserve 17 affordable apartments for seniors while significantly improving the energy-efficiency of the complex.

The latest edition of the annual report on rental housing affordability from the National Low Income Housing Coalition and the Vermont Affordable Housing Coalition has found that Vermont has one of the highest gaps in the nation between the cost of rent and renter wages.

A task force convened by the New Democrat Coalition, a group of moderate Democrats in the U.S. House of Representatives, has found that housing is becoming increasingly unaffordable and unavailable for many Americans.

Vermont Housing Finance Agency (VHFA) announced today that later this year Sarah Carpenter, Executive Director, will be retiring, after twenty years at the agency’s helm. “As a result of Sarah’s vision and skill thousands of Vermonters have moved into decent, affordable homes since she arrived at VHFA in 1998,” said Randy Amis, chair of VHFA’s Board of Commissioners.