Celebrating VHFA’s 40th anniversary made 2014 a great opportunity to take stock of the impact of its activities across the state.
Here at VHFA, ushering in the New Year meant launching a fully redesigned web site. The new site makes it especially easy for Vermonters resolving to purchase homes this year to find information about qualifying for VHFA’s low interest rate mortgages.
The new site provides visitors with a comprehensive overview of our homeownership and rental housing programs and information for community partners, including new pages devoted to our growing policy and research activities.
Amidst Burlington’s ever-tightening rental market, residents and supporters gathered yesterday to celebrate the preservation and renovation of the Bobbin Mill Apartments. This 51-unit complex houses local renters with incomes at or below 50% of the area median.
VHFA was proud to provide critical housing tax credits, acquisition bridge financing and MacArthur Foundation funding to help pay for the recent renovations, conducted in partnership with Housing Vermont and Burlington Housing Authority, the project’s current owner.
In addition to federal FHA mortgage insurance program modifications, President Obama announced this week his support for other ways to improve the availability of affordable owner and rental housing, including several initiatives administered by VHFA and partner housing agencies in other states.
Regarding housing finance reform, the President explained the importance of: