Asset management and monitoring
As part of its ongoing obligations under its bond issuances, VHFA monitors housing projects for:
- Long-term financial viability
- Property maintenance
- Program compliance
- Preservation of market value
- Long-term affordability
HAP contract administration
VHFA shares HAP Contract Administration for 13 properties with the Vermont State Housing Authority, covering over 700 units.
Housing Credit monitoring
VHFA is responsible for compliance monitoring for all Federal and State Housing Credits.
VHFA actively negotiates preservation agreements with property owners. The goal of these agreements is to preserve, extend or transfer properties into long-term affordability. This is accomplished by providing new or deferred loans, restructuring current debt and allocating Housing Credits. This allows for improved cash flow, and rehabilitation of aging rental properties.