Agency overview

Vermont Housing Finance Agency (VHFA) was established in 1974 to finance and promote affordable housing opportunities for low- and moderate- income Vermonters.

Since its inception, VHFA has assisted approximately 27,000 Vermonters and their families purchase primary residences; and provided financing, development and management support, subsidy administration and tax credits to approximately 8,400 units of multifamily rental housing.


VHFA's primary activities include:

In addition, VHFA serves as a significant resource for the collection of housing data and frequently provides testimonial support in the development of housing policy at the state and federal level, along with assistance to affiliated housing organizations.

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VHFA operates with an average staff size of 40 and receives no general appropriation of State funds. Its loan programs are funded primarily through the issuance of tax-exempt bonds.

VHFA operates on the net funds generated from fees and interest income that amounts to the difference between its cost of funds and the interest rate charged on its investment in loans.

Bonds issued by VHFA are secured by the cash flows of the underlying loans made by the Agency, and are not obligations of the State of Vermont.

Sarah Carpenter and Gus Seelig sign a memorandum of understanding to benefit the homeless and disabled