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Qualified Allocation Plan (QAP)

As administrator of the Housing Tax Credit program, Vermont Housing Finance Agency (VHFA) allocates credits to specific projects in accordance with Vermont's Qualified Allocation Plan (QAP), which is approved and signed by the Governor. The advisory Joint Committee on Tax Credits reviews and adopts allocation policies and reviews VHFA's performance.

2022-2023 Qualified Allocation Plan Updates

VHFA is seeking feedback and comments on the Qualified Allocation Plan (QAP) that guides the Agency in making housing tax credit allocation decisions.  The Agency has opened the initial comment period and will close the period on Friday April 15, 2020.

To arrive at recommendations for updates to criteria and policies in the QAP, VHFA staff facilitate public comment prior to presenting a recommended QAP.  Following a review of comments, VHFA will be organizing a number of public outreach meetings around various QAP-related topics between April and July of 2020.  A draft 2022-2023 QAP is expected to be available for public comments in the fall of 2020.  VHFA staff expect to make recommendations to the Joint Committee on Tax Credits prior to the close of 2020 as a result of this update process.  The Agency's goal is to have the QAP approved a year in advance of 2022 applications to ensure potential applicants have time to consider any substantial updates in planning 2022 projects.  Please visit the VHFA website and blog for information regarding future public outreach meetings related to the QAP.

Please submit comments here.  You may also submit comments via email at developmentdept@vhfa.org or by mail at 164 Saint Paul Street, Burlington VT 05402.

Archive of previous Qualified Allocation Plans: