The VHAP program portal will close to new applicants on 6/12/23. All applications must be completed and submitted on

Loans on multifamily housing projects are made directly by VHFA to community-based or statewide nonprofit agencies or organizations and private for-profit developers who are committed to creating and preserving housing for low- and moderate-income Vermonters.


Acquisition, rehabilitation, construction and construction/permanent loans from VHFA are primarily made in conjunction with the allocation of federal housing tax credits. Most projects are funded through the issuance of tax-exempt bonds but also require public or private funding sources.


Applications for loans are due as follows:


For more information on development loans, please contact Development staff at (802) 864-5743.