For flood resources, visit vermont.gov/flood. More information is also available from VHFA.

Missing Middle-Income Homeownership Development Program

townhomesThe Missing Middle-Income Homeownership Development Program provides financial incentives and resources to support the construction or rehabilitation of modest homes for purchase by Vermont households earning up to 120% of the Area Median Income (AMI). The program includes two components:

  1. Construction Guarantee that provides construction loan guarantees for up to 15% of the development costs for program eligible homes; and
  2. Development Subsidy that provides up to 35% of development costs for program eligible homes.

The program was created by the Vermont Legislature and Governor Phil Scott in 2022, and is funded through the American Rescue Plan Act (ARPA).

To date, the Missing Middle-Income Development Program has held two rounds of applications for funding:

  • Round 1: In March 2023, the VHFA Board of Commissioners awarded $14.2 million to 12 homeownership projects, which will create 92 homes across eight counties. The projects funded consist of various types of homes, including townhomes, condominiums, single-family, and modular. Learn more about projects awarded in Round 1.
  • Round 2: As part of the Budget Adjustment Act in 2023, the program received an additional $9 million in funding. In September 2023, the VHFA Board of Commissioners awarded this funding to 12 homeownership projects, which will create 180 homes across eight counties (some of these homes also received partial funding during the first round of Missing Middle awards). Learn more about projects awarded in Round 2.

For additional information about the Missing Middle-Income Development Program, please see: 

Please contact staff at [email protected] with questions.