Mar 212014

This report was prepared for Two Rivers-Ottauquechee Regional Commission on behalf of the East Central Vermont Sustainability Consortium and funded by the U.S. Housing and Urban Development Sustainable Community Regional Planning Grant Program.

Some residents of the East Central Vermont region face extraordinary challenges finding housing that is both affordable and located near their jobs and needed services. Prevailing median home prices of $173,000 during the first six months of 2013 are out of reach for thousands of area households making less than the area median income. The scarce rental options in many East Central Vermont communities make the search for affordable housing even tougher. Both homeownership and rental housing prices are in part driven higher by Windsor County’s high proportion of vacation homes which limits the stock available for year-round residents and brings wealthier households into the region to compete for units. In a recent survey of residents, the East Central Vermont Consortium found that most respondents (74%) believe “ensuring housing is available and affordable” is the best tool for the region to use to attract young people and families. Read more . . .

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 Posted by at 11:28 am on March 21, 2014