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The Vermont legislature established the agency in 1974. [1]By 2018, the VHFA had assisted approximately 29,000 people to purchase primary residences; and provided financing, development and management support, subsidy administration and tax credits for about 13,650 units of multifamily rental housing.
The Champlain Housing Trust is a membership-based nonprofit, non governmental organization which creates and preserves affordable housing in northwest Vermont. [1] As of 2019 the Champlain Housing Trust is the largest Community Land Trust in the United States.
Vermont has the twenty-fifth-highest per capita income in the United States of America, at $20,625 (2000). Its personal per capita income is $30,740 (2003). Vermont counties ranked by per capita income
Males had a median income of $50,085 versus $28,428 for females. The per capita income for the town was $55,638. [ 11 ] About 2.9% of families and 4.9% of the population were below the poverty line , including 2.7% of those under age 18 and 7.6% of those age 65 or over.
In 2003, Housing Vermont formed the Green Mountain Housing Equity Fund with a total investment of $14 million from nine investors. The Fund’s dollars were spread out over nine projects and it provided an internal rate of return of 7.75%. This allowed the agency to finance projects in which it was not the co-developer. [4]
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
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