We've added some photos to a property listing of a home for sale in St. Albans.

The 3-bedroom home at 128 Lower Welden St. is listed for $111,340, after a $38,660 grant.

The house is one of many homes VHFA has for sale as part of the Housing Acquisition and Rehabilitation Program (HARP), where we purchase foreclosed properties from lenders, completely renovate them, and resell them to income-eligible Vermonters.

This 1900 Colonial home is considered "nearly new," considering the amount of renovations it's undergone.

VHFA Executive Director Sarah Carpenter (left) and Housing Vermont President Nancy Owens (center) joined Sen. Bernie Sanders at last week's announcement at Windsor Village.

Read more about the energy efficiency project underway there.

"Location, location, location" has long been held as a primary factor in real estate sales. Turns out the same might be said for successful home loans.

New research from Ohio State University reveals low-income homeowners who get their mortgages from a local lender — within 10 miles of their new home — were less likely to default on their loan than borrowers who go with more distant lending institutions.

The rule seems to apply even when comparing identical loan products at the same interest rate.

“Local banks seem to offer some protection to homebuyers, particularly those with low incomes who may be seen as risky borrowers," according to Stephanie Moulton, Assistant Professor at the university's John Glenn School of Public Affairs.

Quick follow-up to yesterday's post about the Burlington City Council voting last night to add a question to the March ballot urging Vermont lawmakers to pass housing preservation legislation ("Support affordable housing at tonight’s Burlington City Council meeting").

The Council unanimously approved the measure.