Vermont

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Vermont Housing Finance Agency

Vermont Housing Finance Agency’s mission is to finance and promote affordable, safe, and decent housing opportunities for low- and moderate-income Vermonters.

Relation to the State Government: State Chartered Nonprofit Organization

Current Staff Size: 40

Visit VHFA's Website
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1974

VHFA is established

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1988

First pilot program for down payment assistance for homebuyers.

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2000

Establish the Vermont State Affordable Housing Tax Credit program

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2011

Create an award-winning program to assist Vermonters in purchasing energy efficient manufactured homes

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2017

Sold $37 million in Sustainability Bonds and invested in affordable housing

$3.8B

Total Financing Provided

109,000

Renters Served Since 1974

29,000

Homeowners Served Since 1974

Signature Program

Perpetual affordability with housing resources

Since 2000, VHFA has required perpetual affordability for projects receiving Ceiling Housing Credits and state credits. (Most state rental credits are awarded with bond credits, effectively extending perpetual affordability to that resource as well). This has helped Vermont mitigate the preservation challenges that many states now face. VHFA has also offered long standing support for permanently affordable, shared equity homeownership opportunities through community loan trusts.

Permanently affordable units developed or preserved since 2000: 3,850

 

Future Focus

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Maura Collins

Executive Director

“Research suggests that climate change will disproportionately impact lower income households and people of color. VHFA intends to help mitigate these impacts through continued investment in energy efficient affordable homes and a new pilot tariffed to-the-meter financing home weatherization program that is expected to launch in 2022.”

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Woolson Block in Springfield, VT.
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Ribbon-cutting in Bennington with Executive Director Maura Collins.
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Renters at Cathedral Square Senior Living.
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Construction at the site of Vergennes Community Housing
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Laurentide Apartments in Burlington, Vermont.