Development

Housing and Community Development stakeholders from across the state gathered in St. Albans on Monday April 1^st to announce funding commitment of $39 million that will support a wide range of housing opportunities across Vermont.  State Treasurer Mike Pieciak and Vermont Housing Finance Agency (VHFA) Executive Director Maura Collins were joined by St.

VHFA is pleased to be partnering with and participating in the upcoming community investment forum “Leveraging Partnerships and Capital: Unlocking Barriers to Affordable Housing and Economic Development” on April 16 in Manchester, presented by the Federal Home Loan Bank of Boston. The Manchester forum will be one of eight events throughout New England as part of the series. 

Speakers at the Manchester forum include:

On March 27^th 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.

All residential development, construction, building trades, and building contractor professionals are encouraged to attend. If you are a planning professional working with or in communities supporting housing development that utilize federal funding, please share this information with your building/development networks.  

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!

This interactive event is for novice and emerging small-scale home builders seeking to start developing new and renovated homes in Vermont, community development professionals and local leaders looking for new housing tools to support Vermonters, and anyone interested in innovative solutions to Vermont’s housing crisis. 

Register here. 

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. Once the program is designed, additional funding will be made available to launch and offer the programming for BIPOC individual and BIPOC owned entities.   

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.

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.

Sessions in five locations as well as a virtual session have been scheduled at this point. Stay up to date about additional sessions and materials available by checking back to this web page,  

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. Combined, these investments will support the construction or substantial rehabilitation of at least 254 homes.