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Vermont foreclosures rise by 17 percent

Posted February 28, 2010

By Bruce Edwards

“The recession continues to make its presence felt in Vermont as the number of homeowners facing foreclosure jumped 17 percent last year.

There were 1,928 foreclosures filed in the state in 2009 compared to 1,639 the prior year, according to the Department of Banking, Insurance, Securities and Health Care Administration. [More …]

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Human services cuts fuel concern

Posted February 27, 2010

By Louis Porter

“MONTPELIER – Cuts proposed by Gov. James Douglas for programs across the human service budget likely will result in the loss of more than 1,000 Vermont jobs if they go into place, according to a study by an economist working for the Legislature. [More …]

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A Path to Homeownership: Building a More Sustainable Strategy for Expanding Homeownership

Posted February 24, 2010

By Rick Jacobus, David M. Abromowitz

“Homeownership continues to provide real social and economic benefits and remains a high priority for most American families, but the United States is experiencing significant declines in the ownership rate for the first time in decades. What we need is greater availability of targeted purchase assistance programs that address wealth barriers to homeownership…” [More …]

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Senator Leahy and CHT’s Brenda Torpy speak at Center for American Progress

Posted

“A New Way Forward: Finding a More Sustainable Strategy for Expanding Homeownership

February 24, 2010, 9:00am – 10:30am [More …]

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Affordable housing units fill up fast in Colchester

Posted February 23, 2010

By Matt Sutkoski

“COLCHESTER — The 42 units of Brookside Village are almost fully leased even as the developers of the affordable housing complex on Monday celebrated the just-completed construction. [More …]

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Vermont’s Building Industry Is Still In A Slump

Posted February 22, 2010

By Lynne McCrea

“(Host) Last February, VPR News began chronicling how the recession is affecting Vermonters in an occasional series called “Hitting Home.”

All this week, we’ll hear how people have been faring lately. We begin with a look at the building industry – an area that’s been one of the hardest hit by the downturn. [More …]

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State economist: Douglas’ AHS budget cuts would cause 1,000 to 1,400 layoffs

Posted February 20, 2010

By Anne Galloway

“Proposed budget cuts to the Agency of Human Services could result in the permanent loss of 1,000 to 1,400 Vermont jobs, according to a memorandum from Tom Kavet, an economist for the Vermont Legislature. [More …]

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Council proposes housing, senior center

Posted February 18, 2010

By Susan Allen

“MONTPELIER – The best option for 58 Barre St. is to engage the Montpelier Housing Authority, Central Vermont Land Trust and the city to renovate the Senior Activity Center at that site, the City Council was told Wednesday night. The proposed renovation includes adding affordable housing units to the city-owned building. [More …]

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Disabilities advocates bemoan cuts

Posted

By Peter Hirschfield and Louis Porter

“MONTPELIER – Proposed cuts to human services contained in the Governor’s fiscal year 2011 budget plan represent an “assault” on the dignity and welfare of Vermonters with disabilities, advocates said Wednesday. [More …]

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Suburban homeless on rise

Posted February 17, 2010

By Frank Eltman

“ROOSEVELT, N.Y. — Homelessness in rural and suburban America is straining shelters this winter as the economy founders and joblessness hovers near double digits — a “perfect storm of foreclosures, unemployment and a shortage of affordable housing,” in one official’s eyes. [More …]

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