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Finance

VHFA joins VTTAR to fund recovery housing

Recently on Recovery Day at the Statehouse, the Vermont Alliance of Recovery Residences (VTARR) announced the establishment of Jenna’s Fund, which provides financial support for recovery housing for Vermonters overcoming substance use disorders.

Strength of VHFA bonds prompts Fitch to upgrade rating to AA+

Strong financial performance contributed to a rating upgrade from AA to AA+ for Vermont Housing Finance Agency (VHFA)'s multiple purpose bonds from Fitch Ratings last week. AA+ is the second highest possible rating from Fitch. The rating applies to all outstanding long-term debt under the multiple purpose program and should help lower the cost of affordable housing financing through VHFA.

AHP listening session on February 18

The Federal Home Loan Bank of Boston (FHLBB) is inviting the Vermont affordable housing community to attend an upcoming listening session for its Affordable Housing Program (AHP).

Vermont Housing Finance Agency completes successful sale of state tax credits

Vermont Housing Finance Agency (VHFA) worked with local financial institutions to fund affordable homes that will be sold to low- and moderate-income Vermonters. Passumpsic Bank, Mascoma Bank, Union Mutual Insurance, Community National Bank, and Union Bank invested in Vermont Affordable Housing Tax Credits available through VHFA.
 

Funding available for downtown development projects

The Vermont Agency of Commerce and Community Development (ACCD) is now accepting applications for 2019 for two different programs that promote development and revitalization of Vermont’s downtowns.

Register for FHLBank Boston’s 2019 Affordable Housing Program Training

The Federal Home Loan Bank (FHLB) of Boston has announced its training schedule and application deadlines for the Affordable Housing Program (AHP) for 2019. The program awards approximately $20.7 million in grants and low-interest loans through member institutions to organizations promoting homeownership and rental housing opportunities for low income households.

VHFA distributes increased federal tax credits to build hundreds of affordable apartments statewide

The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal and state housing tax credits will support the development of 214 permanently affordable apartments in nine communities across the state. Low and moderate income Vermont renters will benefit from a 12.5 percent increase in Vermont’s annual allocation enacted by Congress last year.

Vermont homebuyers can receive up to $2,000 in tax credits with VHFA

Great news!  A Mortgage Credit Certificate provides a mortgage interest tax credit benefit for homebuyers whether or not deductions are itemized. 

A Mortgage Credit Certificate is a federal tax credit for up to $2,000 and unlike a tax deduction, a Mortgage Credit Certificate reduces federal tax liability dollar for dollar for homebuyers.

 

How is a Mortgage Credit Certificate obtained?

VHFA has issued an RFP for underwriter services

Vermont Housing Finance Agency (VHFA) has issued a Request for Proposals to provide underwriter services for VHFA’s bond issuance.

The details of the RFP can be found on our website. The deadline to submit a proposal is Friday, January 4, 2019.

Proposals and questions should be directed to finrfp@vhfa.org. We will be posting your questions related to the RFP, and our answers, on the RFP page.

Housing tax credit program provides major benefits for Vermont economy

New estimates from the ACTION Campaign demonstrate the significant impact that the Low-Income Housing Tax Credit has had in Vermont, including creating and preserving over 7,000 affordable homes since 1986 and supporting nearly 8,000 jobs per year.

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