The predevelopment application should be used for prospective projects seeking early, critical stage financing of predevelopment and preconstruction costs related to development of affordable multi-family rental housing. Applications are accepted on an ongoing basis. Please refer to the predevelopment term sheet for additional eligibility criteria.

Housing Credit applications must be submitted electronically to [email protected] using a secure file sharing website.  Documents must be sent as PDF files with the exception of the proforma, which should be sent as an Excel file.  Please contact Development staff with questions. 

Pre-application materials include:

  • An option agreement or other evidence of site control, a site plan, preliminary building plans, and evidence of compatibility with zoning (non-ARPA proposals)
  • Draft Multifamily Rental Proforma (or at minimum the Assumptions tab)
  • Evaluation Criteria Summary Sheet (for Ceiling Credit applications only)

The Common Application should be used for all development projects and may be submitted to VHFA, Vermont Housing and Conservation Board and the Vermont Community Development Program.  Applications are accepted on an ongoing basis and approved at meetings of the VHFA Board of Commissioners, with the exception of Ceiling and State Credits Housing Credits, which are awarded once per year.

Additional Housing Credit materials can be found on the Housing Credit Program Materials page.

Homeownership State Tax Credit

To apply for the Vermont Homeownership Tax Credits, please fill out the following forms:

Tax Credit Assistance Program and Monetized Credit

Learn more about two programs of the American Recovery and Reinvestment Act, which include enhancements to the Low-Income Housing Tax Credit program:


Properties receiving TCAP funds


The TCAP competitive priorities are open for public comment. Submit your comments.