Vermont Housing Finance Agency (VHFA) administers the Housing Tax Credit program in Vermont. As administrator, VHFA allocates credits to development projects in accordance with the state’s Qualified Allocation Plan (QAP) which is approved and signed by the Governor of the State of Vermont. The advisory Joint Committee on Tax Credits reviews and adopts allocation policies and reviews VHFA's performance.
Current Qualified Allocation Plan
The current QAP was approved by the VHFA Board of Commissioners in February 2023, and by the Governor in May 2023. VHFA will continue to use the current QAP through the end of 2026.
- Current QAP (PDF)
- Current QAP Evaluation Checklist (PDF)
If you have questions about the current QAP, please contact the Development staff, or by mail: VHFA, Attn: Community Development, 164 Saint Paul Street, Burlington VT 05402.
VHFA will continue to use the current QAP through the end of 2026. VHFA is in the process of developing the next Qualified Allocation Plan. A drafted QAP is now available for public review and comments. See the timeline below.
Drafted QAP Review Period & Timeline
| QAP Timeline | |
| March 24 | Drafted QAP released and period of public comment begins. |
| April 6 | Public Hearing (hybrid) |
| April 24 | Deadline for Public comment submissions. |
| May 18 | Joint Committee on Tax Credits (JCTC) meets to consider QAP. |
| June 23 | VHFA Board considers QAP (if recommended by JCTC) |
We value your feedback. Interested parties are encouraged to review the drafted QAP and submit their feedback starting March 24 - April 24. To submit comments, email: [email protected], or mail your comments to: VHFA, 164 Saint Paul Street, Burlington, VT. 05402. For faster processing, include "QAP Public Comment" in the subject line. Deadline for submissions is April 24th at 4:30pm. Comments received after the deadline will not be considered.
Archived Qualified Allocation Plans (PDFs)