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.
Qualified Allocation Plan:
Current QAP (PDF) - In effect as of October 1, 2026.
A list of retired QAPs, including the 2023-2026 QAP, can be viewed in the Archived Qualified Allocation Plans tab below.
From Draft to Final QAP
As administrator, VHFA proposes periodic updates to the eligibility and prioritization criteria contained in the QAP. With much public feedback and input from VHFA's Board of Commissioners and the Joint Committee on Tax Credits, VHFA presented a new draft of the QAP to the Governor in June 2026. The drafted QAP contains updates to increase the impact of housing credits toward meeting the needs of low- and moderate-income Vermonters. It further encourages cost effective proposals for projects that are ready to proceed to construction upon receipt of an award, and it expands the types of projects that can compete for funding while retaining core policy priorities from prior QAPs. The revised QAP has now been signed by the Governor and is in effect as of October 1, 2026.
To see archived QAPs, including the 2023-2026 QAP, see below.
Archived Qualified Allocation Plans (PDFs)