Development

The Vermont Housing Finance Agency (VHFA), the Vermont Economic Development Authority (VEDA), and the Vermont Agency of Commerce and Community Development (ACCD) are announcing the results of a new study they jointly commissioned that examines the potential of off-site home construction.  Off-site construction homes are built in factories, shipped, and assembled at the housing site by the manufacturer.

VHFA’s Development Department is pleased to announce that applications are now open for the Community Housing Accelerator (CHA), a new program that will provide low-interest loans to developers of middle-income rental housing with 4-20 units.

The schedule for CHA is as follows:

Vermont Housing Finance Agency (VHFA) announced that it has received $4.5 million for affordable housing through its third federal Capital Magnet Fund award. The funds will be invested in VHFA’s Housing Investments for Vermont (HIVE) Fund, which has now raised over $20 million from private and public investments.

Today, Vermont Housing Finance Agency (VHFA) released a draft of the 2026-2027 Qualified Allocation Plan (QAP), which guides the Agency in making housing tax credit allocation decisions. Materials about the QAP update, including the full draft of the 2026-2027 QAP, a memo that summarizes changes in this draft, and the current 2024-2025 QAP, are available on the VHFA website.

Vermont Housing Finance Agency (VHFA) has released its third annual report for the Housing Investments for Vermont (HIVE) Fund. VHFA recently changed the name of VHFA's investment fund to HIVE to reduce confusion with state programs with similar acronyms and to better symbolize the collaborate and dynamic nature of the fund. 

Earlier this summer the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded just under $10 million from Vermont's newly launched Rental Revolving Loan Fund (RRLF). These awards will fund development of 265 apartments in nine Vermont communities across the state. 

A consortium of Vermont housing and community development partners are assessing the Vermont landscape for off-site construction (including panelized construction), modular, and manufactured home initiatives.  As local and state policy makers take steps to meet housing needs, the potential of advanced construction approaches continues to draw significant interest. Advocates point to benefits in terms of cost savings, labor, volume, climate and design and building standardization.

As communities continue to grapple with last week’s severe storm, VHFA is postponing our Qualified Allocation Plan outreach meeting scheduled for July 18^th in St. Johnsbury. The meeting will be rescheduled for August 8^th at 11:00am and we hope to be at the Catamount Arts Center.  Check here for the latest news about the August 8^th St.

Vermont Housing Finance Agency (VHFA) is developing the 2026-2027 Qualified Allocation Plan (QAP), which guides the Agency in deploying Vermont’s largest pool of federal affordable housing resources. VHFA is seeking public input on recommendations that the Agency will consider for this update. To facilitate input, VHFA will host in-person QAP public meetings around the state in July and August, as well as a virtual public comment meeting.

On Thursday, the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded Vermont State Affordable Housing Tax Credits for developing rental and for-sale homes across the state. Once they are sold to investors, the credits will yield over $4.8 million in equity to fund construction and substantial rehabilitation of 246 rental and for-sale homes and support the statewide Manufactured Housing Downpayment Program for approximately 41 homes.