News

Legislature Approves Historic Affordable Housing Investment

Posted on Wednesday, June 21, 2017, by Chris Donnelly

After years of education, outreach and advocacy, we’ll soon see some significant movement towards alleviating the severe housing affordability challenges Vermonters face. 

The Vermont Legislature just passed a budget that included a historic investment in affordable housing, enabling the issuance of up to $35 million in revenue bonds to support the creation of much needed housing for Vermonters. It is cause for celebration, and it is cause for hope that we can move closer to ensuring every Vermonter has a safe and decent place to call home. 

Today is a very good day: the $35 million investment in affordable housing is the largest in Vermont’s history.

The housing bond, which was introduced by Governor Phil Scott and embraced by Senate President Pro Tem Tim Ashe and House Speaker Mitzi Johnson – and business and municipal leaders – will also act as an economic stimulus for Vermont communities by leveraging as much as another $100 million in capital to build and rehab affordable housing in all corners of the State.

The bond will help pay for the development or rehab up to 650 homes for Vermonters struggling to afford to live in their communities. In fact, recent data demonstrated that Vermont is the 13th most expensive state in the nation to live for people that rent. The annual Point in Time count of homelessness showed that after a couple of years of progress, there has been an 11% increase statewide, with some regions especially challenged. Not all the news is negative: collaborative efforts in Chittenden County have returned a 45% reduction in homelessness since 2014; a primary barrier to more progress is simply building more housing, especially important now that federal cuts to social safety net programs loom on the horizon.

The resources are dedicated to housing that is permanently affordable and ensure that different populations benefit: at least 25% of the housing must be affordable to households who earn half of the median income, and at least 25% must be affordable to those earning between 80% and 120% of median. These two income bands have been identified as the ones who most lack housing options across the state. The rest of the bond proceeds will serve people earning less than 120% of area median income.

Coalition Launched to Increase Production of Housing

Posted on Monday, June 27, 2016, by Chris Donnelly

Dozens of Chittenden County leaders in the fields of housing, business, local and state government, and social services announced this morning a new campaign to increase the production of housing and setting a target of 3,500 new homes created in the next five years.

The new coalition, called Building Homes Together, was formed by the Champlain Housing Trust, Chittenden County Regional Planning Commission and Housing Vermont and released an initial list of nearly 100 community leaders supporting the effort. Several leaders shared words of support.

“Working together we will accomplish this goal,” said Brenda Torpy, CEO of Champlain Housing Trust. “For the sake of our communities, our workers and local economy, we will educate and advocate together for more housing.”

The housing shortage in Chittenden County has been well noted with unhealthy vacancy rates and high rents,” added Charlie Baker, Executive Director of the Chittenden County Regional Planning Commission. “Employers can’t find workers, and workers themselves spend more time in commutes and with a higher percentage of their paychecks on housing costs.”

Twenty percent of the 3,500 goal are targeted to be developed by nonprofit housing organizations. The remainder by private developers.

“This step-up in production will not just provide new homes and infrastructure for communities, it’ll be a boost to the economy and contribute to the tax base. Building homes together is a big win for all of us in Chittenden County,” said Nancy Owens, President of Housing Vermont.

The campaign will provide up-to-date data to the community on the need for and benefits of new housing, build cross-sector and public support for housing development, increasing access to capital, and supporting municipalities.

Individuals, businesses or organizations that wish to sign on and participate in the campaign are encouraged to by sending an email to Chris Donnelly at the Champlain Housing Trust. 

Building Homes Together Infographic

List of supporters (as of June 26, 2016)

What others are saying about Building Homes Together


Housing for the Workforce

Posted on Sunday, October 05, 2014, by Chris Donnelly

As we've been exploring in our series of papers, the need for affordable housing is much more important than just having safe and decent place to call home. It has an impact on education, health and other barometers of community well-being. We now turn our attention to the connection between housing and the workforce -- which Lisa Falcone of Working Bridges claims "is a big issue for a lot of workers in Vermont." To download this latest report, click here [PDF].

photo credit: CC image Cafe Croissant by Julie Kertez - Flickr