Qualified Allocation Plan (QAP)

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. VHFA will continue to use the current QAP through the end of 2026. 

• Current QAP (PDF)
• Current QAP Evaluation Checklist (PDF)

If you have questions about the current QAP, please contact the Development staff, or by mail: VHFA, Attn: Community Development, 164 Saint Paul Street, Burlington VT 05402.

NOTE: VHFA is currently in the process of developing the next Qualified Allocation Plan. VHFA will continue to use the current QAP through the end of 2026. Work will continue on the updated QAP with the goal of having a new QAP posted once it is approved. 

QAP Planned Update Announced (see full announcement)

The QAP update review process is set to begin in March 2026. Dates for the drafted QAP release, public comment period, public hearing, and review process are listed below. 

The drafted QAP will be posted here on March 24, 2026. Please check back on that date.

We value your feedback. Starting March 24^th, interested parties are encouraged to review the QAP and submit their feedback.