VHFA to hold outreach meetings on QAP updates

By: Mia Watson

Vermont Housing Finance Agency (VHFA) will be holding a series of outreach meetings to seek comments on the draft 2020 Qualified Allocation Plan (QAP). The QAP is a compilation of IRS mandates, national best practices and state housing priorities that sets eligibility and criteria for awarding state and federal tax credits to developers of affordable housing.

VHFA’s proposed changes to the QAP include significant formatting changes to improve the structure and readability of the document. Among the major policy changes proposed are income averaging in LIHTC projects, updated green building standards and changes to compliance requirements and credit allocation amounts for supportive housing for homeless households. The draft 2020 QAP as well as a memo summarizing the changes are available on VHFA’s website. Following the outreach meetings and consideration of public feedback, the draft QAP will be presented to the Joint Committee on Tax Credits and eventually the VHFA Board of Commissions.

VHFA invites the public to join staff to discuss the proposed changes at a series of outreach meetings on the following dates:

  • June 28, 2019

         11 a.m. - 12:30 p.m.

   Manchester Town Offices, 6039 Main Street, Manchester, VT

  • July 10, 2019

         11 a.m. - 1:00 p.m.

   VHFA offices, 164 St. Paul St., Burlington, VT

   (VHFA will have a conference line available for this meeting only. Please call 802-652-3415 for details.)

  • July 24, 2019

   10 a.m. - 11:30 a.m.

   Randolph Town Offices, 7 Summer Street, Randolph, VT

  • July 24, 2019 (same day)

   2 p.m. - 3:30 p.m.

   St. Johnsbury Academy, 1000 Main Street, St. Johnsbury, VT

   The Charles Hosmer Morse Center for the Arts, Stuart Black Box Theatre


Please RSVP a week prior to the meeting you'd like to attend by emailing Victoria Johnson at vjohnson@vhfa.org.

If you have any questions, comments or concerns about the QAP and you cannot make a meeting, please do not hesitate to contact Seth Leonard or Josh Slade at (802) 864-5743.

Pictured: French Block in Montpelier. French Block was developed using state and federal housing tax credits awarded by VHFA