Vermont to Sell $37M in Bonds to Fund Affordable Housing – NMP
Industry News

Vermont to Sell $37M in Bonds to Fund Affordable Housing

Dec 29, 2017
Vermont legislators approved a plan to sell $37 million in “sustainability bonds” that will be used to finance construction of new affordable housing across the state

Vermont legislators approved a plan to sell $37 million in “sustainability bonds” that will be used to finance construction of new affordable housing across the state.
 
According to the Vermont Housing Finance Agency (VHFA), the bonds will go on sale beginning on Jan. 8 and will finance the creation of up to 650 homes. At least 25 percent of the housing created from the bond sales will be allocated to households with incomes below 50 percent of the area median, while at least 25 percent will be allocated to households with incomes between 80 percent and 120 percent of the area median. The median income in Vermont for a family of four is $69,300.
 
“We consistently hear how widespread the lack of affordable, decent housing is in many parts of Vermont, so I’m pleased our proposed housing bond was supported by the Legislature and appreciate the hard work by our private partners in getting it passed and putting the investment to work for Vermonters,” said Gov. Phil Scott. “By leveraging other funds, this investment will help create much-needed homes that are affordable for working Vermonters at the middle and lower end of the wage scale.”
 
About the author
Phil Hall
Link copied
Published
Dec 29, 2017
Get the NMP Daily
Regulation and Compliance
Mortgage AI Survey Finds Monitoring Gap At Smaller Lenders

Only 40% of smaller lenders surveyed reported ongoing AI monitoring, compared with 80% of larger lenders, as a new state examiner guide details the records regulators may request

Mortgage companies have been putting AI policies in place. Keeping watch over the tools after they go live is proving less consistent, particularly among smaller lenders.A new survey by the American Association of Residential Mortgage Regulators (AARMR), the Mortgage Bankers...

Continue reading
Operations
Can AI Crack The Mortgage Approval Gap?

A company white paper links lower decline rates to its AI-enabled workflow, then estimates the potential lending volume if those rates held nationwide.

Mortgage applications processed through AngelAi at Sun West Mortgage had substantially lower decline rates in 2025 than applications in the national market, according to a new company white paper. The gap appeared across Asian, Black, Hispanic, and white applicant groups.Sun...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Industry News
Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance
Sep 22, 2026