You ve created a lot of affordable housing already is there a need to create more?
Recent studies have researched the need for affordable housing and the current supply, firmly concluding that there is still a pressing need to create affordable rental housing opportunities for lower income residents in order to fill a longstanding gap in the county’s affordable housing stock. Vermont has the lowest vacancy rate for rental housing in the nation, indicating an extremely tight housing market. Families in Windham County must now earn $14.58 per hour in order to afford a modest two bedroom apartment. While this is more feasible for a two-income household, among local renters there are as many single parent households as two-parent households. A 2003 study from the National Low Income Housing Coalition showed that 49% of Windham County’s renter households are unable to afford the average two bedroom apartment. There is a significant lack of affordable housing on the homeownership side, as well. In a report commissioned by the Vermont Housing Council, the median purchase pr
