Moody’s Investors Service has upgraded the Vermont Housing Finance Agency’s (VHFA) Issuer Credit Rating (ICR) from A2 to A1. The upgrade is based on the Agency’s consistently strong financial performance and overall high-quality assets. Moody’s ICR is an assessment of the overall, general credit strength of the Agency as opposed to an assessment of the likelihood of timely repayment on any specific bond or other debt issue of the Agency.
Annual Sale of Affordable Housing Tax Credits a Success
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
VHFA receives $4.5 million for investments in affordable housing
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.
VHFA Awards State Tax Credits for 287 Rental and For-Sale Homes
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.
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.
Upcoming community investment series on partnerships and capital for affordable housing
VHFA is pleased to be partnering with and participating in the upcoming community investment forum “Leveraging Partnerships and Capital: Unlocking Barriers to Affordable Housing and Economic Development” on April 16 in Manchester, presented by the Federal Home Loan Bank of Boston. The Manchester forum will be one of eight events throughout New England as part of the series.
VHFA Is Hiring!
Vermont Housing Finance Agency (VHFA) is recruiting a new Staff Accountant.
VHFA receives $7.5 million in federal and philanthropic awards for investments in affordable housing
Vermont Housing Finance Agency (VHFA) announced it received $7.5 million for housing through a federal award and a generous philanthropic donation. Together, these awards will support the development or preservation of over 300 affordable rental homes, as well as establishing an innovative pilot project to support smaller-scale community housing projects.
Regional housing development funding sessions
VHFA is conducting a series of sessions around the state about housing development funding. Learn about new funding opportunities available and share how they can best help you overcome challenges to build and renovate affordable housing. Open to anyone interested in creating and preserving affordable housing, including small and aspiring developers.