Each year, Vermont Finance Agency (VHFA) sells Vermont Affordable Housing Tax Credits to local financial institutions to fund affordable homes throughout the state. These homes will be sold to low- and moderate-income Vermonters (Homeownership Credits) and will help fund down payment assistance (DPA credits) for first-time homebuyers. This year, TD Bank, Union Bank, Passumpsic Bank, Northfield Savings Bank, and Peoples Trust Company purchased a total of $4.625 million in tax c
Increase in Off-Site Construction Examined As Possible Tool to Boost Vermont’s Housing Supply
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.
New resource guide describes employer-assisted housing options
Although employer-assisted housing has a long history in the U.S., the recent housing shortage has prompted new interest in this strategy for meeting the housing needs of Vermont workers.
Can off-site construction create more affordable homes in Vermont?
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.
ICYMI: Watch NPR's "1A" show on Vermont's housing crisis
A recording of the NPR show "1A" with Jenn White focused on the challenges of Vermont's housing landscape is now available through Vermont Public.
VHFA awards federal tax credits to provide $40 million for affordable apartments
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced on Monday April 15, 2024, that its annual award of federal housing tax credits will support the construction of 156 homes in perpetually affordable apartment buildings in five communities across the state. The sale of this year’s tax credits to investors is expected to yield over $40 million in funds, covering an estimated 60 percent of total project development costs.
Treasurer Pieciak and VHFA Announce Housing Investments Made Through 10% in VT Program
Housing and Community Development stakeholders from across the state gathered in St.
VHFA announces BIPOC developer technical assistance request for proposals
Vermont Housing Finance Agency (VHFA) is seeking an organization or consortium to design a housing development technical assistance (TA) program for Black, Indigenous, and People of Color (BIPOC) seeking to develop housing in Vermont. VHFA is providing up to $15,000 for a contractor or consortium to design a TA program that could be operationalized in 2024. The initial funding is essentially a planning grant to develop programming components.
New data shows continued increase in Vermont short-term rentals
New data on Vermont’s short-term rental (STR) market now available on HousingData.org shows a continued increase, up to 11,747 homes statewide in September 2023. Additionally, historic data has been added to the site, now displaying monthly figures, starting in October 2014.
Vermont Treasurer's Office makes historic investment in home building
On Wednesday, Governor Phil Scott and Treasurer Mike Pieciak announced a $55.5 million investment in housing, as part of the “10% in Vermont” local investment program.