On March 27th from 9-11 am the Vermont Department of Housing and Community Development will provide a web-based informational session to overview the implementation of Build America, Buy America (BABA) in Vermont.
Development
Homes for All Toolkit Trainer Summit on March 14
Join the VT Department of Housing & Community Development, VHFA and other statewide partners for the Homes for All Toolkit Launch and Training Summit on March 14!
VHFA announces BIPOC developer technical assistance request for proposals
By: Chad Simmons
Vermont Housing Finance Agency (VHFA) is seeking an organization or consortium to design a housing development technical assistance (TA) program for Black, Indigenous, and People of Color (BIPOC) seeking to develop housing in Vermont. VHFA is providing up to $15,000 for a contractor or consortium to design a TA program that could be operationalized in 2024. The initial funding is essentially a planning grant to develop programming components.
HUD issues Notice of Funding Opportunity for Sec. 811 Program
HUD is seeking applicants for the Section 811 Supportive Housing for Persons with Disabilities Program. This program aims to expand the supply of integrated affordable housing by providing Capital Advance funding for the development of permanent supportive rental housing for very-low-income persons with disabilities who are 18 years of age or older and less than 62 years of age at entry.
VHFA receives $7.5 million in federal and philanthropic awards for investments in affordable housing
By: Mia Watson
Vermont Housing Finance Agency (VHFA) announced it received $7.5 million for housing through a federal award and a generous philanthropic donation. Together, these awards will support the development or preservation of over 300 affordable rental homes, as well as establishing an innovative pilot project to support smaller-scale community housing projects. The recent awards demonstrate how investments from philanthropic donors can help attract new federal funding to meet Vermont’s housing needs.
VHFA is conducting a series of sessions around the state about housing development funding. Learn about new funding opportunities available and share how they can best help you overcome challenges to build and renovate affordable housing. Open to anyone interested in creating and preserving affordable housing, including small and aspiring developers.
VHFA announces innovative funding and state tax credit awards for 254 homes
By: Chad Simmons
Last week, the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded Vermont State Affordable Housing Tax Credits for homeownership development projects across the state. Once sold to investors, the credits will yield nearly $3 million in equity for downpayment assistance for newly constructed or substantially rehabilitated single-family homes as well as energy-efficient manufactured homes. Additionally, Commissioners awarded more than $8.5 million as part of the Missing Middle-Income Homeownership Development Program, which will create 180 homes across the state.
On Wednesday, Governor Phil Scott and Treasurer Mike Pieciak announced a $55.5 million investment in housing, as part of the “10% in Vermont” local investment program.
The Vermont Zoning Atlas team is seeking volunteers to help complete its build-out across the state. This is an exciting opportunity to join a national data standardization project, be part of a grassroots team and be among the first researchers to work with raw zoning data across Vermont. The project started this summer by focusing on Chittenden County towns.
VHFA awards housing credits and loans for 139 perpetually affordable homes
By: Chad Simmons
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced Monday the award of state and federal housing tax credits and loans to support the construction, rehabilitation or preservation of 139 permanently affordable apartments in four communities across the state.