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.
Questions about the current QAP can be submitted via email to Development staff, or by mail: VHFA, Attn: Community Development, 164 Saint Paul Street, Burlington VT 05402.
Draft QAP
As administrator, VHFA proposes periodic updates to the eligibility and prioritization criteria contained in the QAP. On March 24, 2026, VHFA released the latest Draft QAP (PDF) containing updates to increase the impact of housing credits toward meeting the needs of low and moderate income Vermonters. In November 2024, VHFA released an initial draft of the revised QAP and began to gather public comments leading to the QAP revisions that are now available for public review. In addition to public feedback received, the revisions to the drafted QAP take into account the Vermont Housing Needs Assessment indicating an estimated 15,000 homes for affordable to low-income households are needed statewide by 2030.
2026 Timeline
- March 24: Third QAP draft released and period of public comment opens.
- April 6: Public Hearing held at VHFA and remotely via Zoom. Watch 4/06 recorded hearing on YouTube.
- April 24: Deadline for public comment submissions (4:30 pm).
- May 18: Joint Committee on Tax Credits (JCTC) meet to consider QAP.
- June 23: VHFA Board considers QAP (if recommended by JCTC).
- June 24: VHFA sends QAP to Governor (if recommended by VHFA Board).
Submit Comments
VHFA values your feedback. Interested parties are encouraged to review the drafted QAP (PDF) and submit their feedback by April 24.
Submit Comments:
- Email: [email protected]
- Mail: VHFA, 164 Saint Paul Street, Burlington, VT. 05402. Include "QAP Public Comment" in the subject line.
Archived Qualified Allocation Plans (PDFs)