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.

2024-2025 Qualified Allocation Plan

The proposed 2024-2025 Qualified Allocation Plan (QAP) is available for review and comments. This draft consists largely of minor changes to improve clarity and readability. VHFA held an informational meeting on November 30th to review the proposed changes with the general public and solicit feedback on those changes as well as gather ideas for future changes/improvements. A copy of that presentation can be found here. The second public comment period will close on December 9th prior to a meeting of the Joint Committee on Tax Credits (JCTC) on January 6, 2023 (more information to follow). Once a recommendation for approval is made by the JCTC, the QAP will be brought forward for approval by the VHFA Board of Commissioners and the Governor of the State of Vermont.

If you have questions or concerns, you may contact Development staff via email at [email protected] or by mail at 164 Saint Paul Street, Burlington VT 05402.

 

Archive of previous Qualified Allocation Plans: