VHFA offers loan programs through local participating lenders to help people bridge the gap and afford to buy a home in Vermont. Getting a pre-approval from a lender is the first step in the process. Here are answers to the top 5 questions homebuyers have about pre-approvals.
Finance
VHFA to hold information sessions on Tax Credit Qualified Allocation Plan updates
By: Mia Watson
Vermont Housing Finance Agency (VHFA) is in the process of updating the Qualified Allocation Plan (QAP) for 2022 to 2023. The Agency sought initial public comment on the plan in February. As part of its continued public engagement VHFA will hold four virtual informational sessions in August and September for the public to ask questions and provide further feedback on proposed QAP updates.
VHFA launches Housing Investment Fund with VCF
By: Mia Watson
Vermont Housing Finance Agency (VHFA) is pleased to announce the launch of the VHFA Housing Investment Fund with Vermont Community Foundation (VCF) as its founding investor. This will be initiated with a VCF investment of $1.5 million for a pre-development program and a long-term loan program made to developers of affordable rental housing. VHFA is working to expand the fund with investments from other community partners to grow its impact.
VHFA awards federal and state tax credits to develop and preserve affordable housing
By: Mia Watson
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced on Monday the award of federal and state housing tax credits and loans to support the development, rehabilitation or preservation of 104 permanently affordable apartments in six communities across the state.
AHP funding application opens June 8
By: Mia Watson
The Federal Home Loan Bank of Boston (FHLBB)'s 2020 Affordable Housing Program (AHP) will begin to accept applications on June 8, 2020. The program will award approximately $18.1 million in grants and low-interest loans through member institutions to organizations
VHFA joins VTTAR to fund recovery housing
By: Mia Watson
Recently on Recovery Day at the Statehouse, the Vermont Alliance of Recovery Residences (VTARR) announced the establishment of Jenna’s Fund, which provides financial support for recovery housing for Vermonters overcoming substance use disorders.
Strength of VHFA bonds prompts Fitch to upgrade rating to AA+
By: Mia Watson
Strong financial performance contributed to a rating upgrade from AA to AA+ for Vermont Housing Finance Agency (VHFA)'s multiple purpose bonds from Fitch Ratings last week. AA+ is the second highest possible rating from Fitch. The rating applies to all outstanding long-term debt under the multiple purpose program and should help lower the cost of affordable housing financing through VHFA.
AHP listening session on February 18
By: Mia Watson
The Federal Home Loan Bank of Boston (FHLBB) is inviting the Vermont affordable housing community to attend an upcoming listening session for its Affordable Housing Program (AHP).
Vermont Housing Finance Agency completes successful sale of state tax credits
By: Mia Watson
Funding available for downtown development projects
By: Mia Watson
The Vermont Agency of Commerce and Community Development (ACCD) is now accepting applications for 2019 for two different programs that promote development and revitalization of Vermont’s downtowns.