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Finance

Elm Place ribbon cutting

Governor Phil Scott joined by Executive Director Sarah Carpenter and others on June 5, cut the ribbon on the newly-constructed, 28,000 square foot Elm Place, an affordable residence for seniors, located in Milton.

Red Clover Commons ribbon cutting

Executive Director Sarah Carpenter joined Brattleboro Housing Partnerships and other agencies in Brattleboro, on May 25, 2017 to celebrate the opening of Red Clover Commons, a newly constructed 55-unit building for seniors and people with disabilities. These homes are intended to  replace units at Melrose Place which were severely damaged from Tropical Storm Irene in August 2011.

Affordable Housing Program application training 

Registration is open for AHP Application Training in Rutland, VT on June 21, 2017 or Bretton Woods, NH on June 29, 2017.

​New England Federal Credit Union gives $1 million for affordable housing

New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $1 million grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the critical need for affordable housing. The money will be awarded by VHFA over the coming year to several housing developments that have funding shortfalls.

Vermont Affordable Housing Coalition asks housing bond supporters to contact representatives

The Vermont Senate has passed a bill (S.100) to enact a $35 million housing bond to spur the construction and rehabilitation of affordable housing across the State.  The bill is now in the House with just a few days to go until adjournment.  Recommended in Governor Scott's budget proposal, the housing bond would address a significant need for affordable housing in Vermont, help to alleviate homelessness, house the workforce, and provide expanded homeownership opportunities for Vermonters.  

VHFA awards millions in affordable housing tax credits for upcoming construction but rental housing proposals outweigh available credits 2 to 1

On Monday, April 17, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Low-Income Housing Tax Credits (LIHTC) and Vermont Affordable Housing Credits that will provide almost $37 million in upfront equity to construct and renovate housing for low-income Vermonters over the next several years.  The $2.5 million in ten-year federal capped credits, $610,000 in ten-year federal u

$35 million bond would have long-lasting benefits

Housing developers, business leaders, smart growth policy experts and poverty advocates joined together to support the passage of a $35 million housing bond this afternoon at a press conference at Vermont’s State House in Montpelier. 

Recommended in Governor Scott's budget proposal, the housing bond would address a significant need for affordable housing in Vermont, help to alleviate homelessness, house the workforce, and provide expanded homeownership opportunities for Vermonters.

Strength of VHFA bonds prompts Moody's to upgrade rating to Aa2

Strong financial performance  contributed to a rating upgrade to Aa2 for VHFA's multiple purpose bonds from Moody's Investors Service last week.  The rating applies to new multiple purpose bonds and all outstanding long-term debt under the multiple purpose bond program.

Applications for federal and state housing credits due February 10

Applications for the 2017 round of federal capped (9%) Low-Income Housing Tax Credits and Vermont State Housing Credits are due to VHFA by Friday, February 10, 2017Housing credits are the largest source of funding in Vermont for building and renovating affordable rental housing. 

New fact sheets show impact and need for housing tax credits in VT

In Vermont, the federal Low-Income Housing Tax Credits allocated by VHFA have financed 6,513 apartments, providing affordable homes to 15,175 low-income Vermont households and supporting 7,360 jobs.

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