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.
First Generation Homebuyer Program Update
By: Eric Hoffman
The State of Vermont has renewed funding for the First Generation Homebuyer Program. Originally released as a pilot program in 2022, the program is now widely available and offers eligible homebuyers a $15,000 grant to help with down payment and closing costs. Interested homebuyers can now apply through any local VHFA participating lender (bank, credit union, or mortgage company).
Public hearing on application for federal funds to remove obstacles to housing
The Vermont Agency of Commerce and Community Development is seeking comments on its application for an $8.5 million HUD PRO (Pathways to Removing Obstacles) Housing award. This award would fund removal of barriers to affordable housing by a consortium of public and non-profit agencies in Vermont.
Will Anderson joins VHFA as Vermont Housing Fellow
University of Vermont (UVM) graduate student Will Anderson (he/him) has been named the Fall 2023 Vermont Housing Fellow. The Vermont Housing Fellowship program is intended to provide the Fellow with valuable experience aiding his professional development. Anderson will receive a financial stipend to conduct housing needs research and help update information on VHFA’s Housing Data website (www.housingdata.org).