Finance

The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced Monday the award of state and federal housing tax credits and loans to support the construction, rehabilitation or preservation of 139 permanently affordable apartments in four communities across the state. 

Vermont Housing Finance Agency (VHFA) has released its second annual report for the Vermont Housing Investment Fund (VHIF). VHFA established the fund in 2020 in recognition of a growing need for more flexible financing opportunities for affordable housing development.

A webinar on applying for the “10% in Vermont” local investment program will be held at noon on April 17, with applications for the program due June 1, 2023.

On June 7th 2022, Governor Scott signed legislation that provides $15 million in funding for the Missing Middle-Income Homeownership Development Pilot Program. The program will be initially funded from a portion of the state’s American Rescue Plan Act funding. The program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of Area Median Income or lower. VHFA launched the program in December 2022.

MIDDLEBURY, VT - With many Vermonters feeling stuck because of the increasing costs of homes and the dire lack of availability, officials announced a new program to build more moderately priced homes across the state. The Missing Middle-Income Homeownership Development Program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of the area median household income or lower. 

Increasing mortgage interest rates and home prices have rapidly made it much more difficult for Vermonters to purchase their first homes. About half as many renters can afford to purchase their first home in 2022 compared to 2021, based on VHFA’s recent analysis of sales price and interest rate trends.

The U.S. Treasury Department recently announced new guidelines that will significantly increase Vermont’s ability to use pandemic recovery funding to directly support the development of affordable housing and reduce costs for Vermonters. 

VHFA has released its first annual report for the Vermont Housing Investment Fund (VHIF). VHFA established the fund in 2020 in recognition of a growing need for more flexible financing opportunities for affordable housing development.

Strong financial performance contributed to a rating upgrade from Aa2 to Aa1 for Vermont Housing Finance Agency (VHFA)'s multiple purpose social bonds from Moody's Investor Service last week. Aa1 is the second highest possible rating from Moody’s.

The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced last week the award of state and federal housing tax credits and loans to support the development, rehabilitation or preservation of 338 permanently affordable apartments in eleven communities across the state.