Over $41 million has been paid on behalf of 5,800 Vermont homeowners to help them stay housed during the pandemic, thanks to the Vermont Homeowner Assistance Program (VHAP). The program helped pay for overdue mortgage, property taxes, and utility bills.
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.
Chris Gomez appointed to VHFA’s Board of Commissioners
Governor Phil Scott has appointed Chris Gomez of Rutland to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners. Chris Gomez is the President/CEO of Heritage Family Credit Union (HFCU), headquartered in Rutland Vermont.
VHFA announces the promotion of Leslie Black-Plumeau to Director of Research and Community Relations
We are overjoyed to announce Leslie Black-Plumeau's well-deserved promotion to Director of Research and Community Relations at VHFA. Leslie Black-Plumeau was VHFA’s Research and Community Relations Manager. She has worked in research and community outreach roles at VHFA since 2004. Her expertise, dedication, and drive for excellence have elevated our work and cemented her as an invaluable asset to our team.
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.
VHFA's Megan Roush Receives Rising Star Award
Vermont Housing Finance Agency (VHFA) is pleased to announce that Megan Roush, VHFA Director of Development, has been selected for the VermontBiz Recognizes Vermont’s Rising Stars Class of 2023
First Generation Homebuyer Program Update
The State of Vermont has renewed funding for the First Generation Homebuyer Program. Originally released as a pilot program in 2022, the program is now widely available and offers eligible homebuyers a $15,000 grant to help with down payment and closing costs.
VHFA announces innovative funding and state tax credit awards for 254 homes
Last week, the Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded Vermont State Affordable Housing Tax Credits for homeownership development projects across the state. Once sold to investors, the credits will yield nearly $3 million in equity for downpayment assistance for newly constructed or substantially rehabilitated single-family homes as well as energy-efficient manufactured homes.
Permanent Supportive Housing Assistance Program survey now open
The Vermont Agency of Human Services (AHS) is currently designing the Medicaid Permanent Supportive Housing (PSH) Assistance Program. This new program is for adults who have Medicaid and who meet certain health and risk criteria. The Program will provide people with access to help getting and keeping housing as well as the support services and connection to resources that provide rental assistance.
FEMA seeks information from residential multi-family rental property owners
Many Vermont households were displaced after July’s flooding and are in need of housing. The Federal Emergency Management Agency (FEMA) is seeking information from current rental/residential, multi-family property owners and managers in order to provide temporary housing to eligible FEMA applicants.