Press Releases

Due to high demand and the second-highest rate of payments in the nation, the Vermont Homeowner Assistance Program (VHAP) will no longer accept new applications after Monday, June 12, 2023. All new or currently pending applications must be submitted to the applicant portal on vermonthap.vhfa.org by 5:00 PM on this date.

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. 

Drafty, inefficient homes in need of weatherization will soon have a new affordable program available to them with the launch of the Weatherization Repayment Assistance Program (WRAP). The program, funded by $9 million from the state and overseen by the Vermont Housing Finance Agency (VHFA), will use an innovative on-bill payment model to help moderate-income Vermonters participate in comprehensive home energy projects.

BURLINGTON, VT. Vermont Housing Finance Agency (VHFA) announces the launch of the First Generation Homebuyer Program, with a goal of helping more Vermonters afford their first home. This program provides a grant to eligible homebuyers whose parents or legal guardians were likely unable to pass on the generational wealth homeownership can provide. 

University of California-Berkeley graduate student Olivia LaVecchia (she/her) has been named the Fall 2022 Vermont Housing Fellow. The Vermont Housing Fellowship program is intended to provide the Fellow with valuable experience aiding her professional development. LaVecchia will receive a financial stipend to conduct housing research and help update information on VHFA’s Housing Data website (www.housingdata.org).

Over $11 million of a $50 million program to pay overdue housing costs for homeowners impacted by the pandemic has been disbursed within the first six months of the program. The Vermont Housing Finance Agency (VHFA) launched the Homeowner Assistance Program (HAP) in January 2022 with funding from the federal American Rescue Plan Act. It provides grants of up to $30,000 for income-eligible homeowners. 

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.

Vermont Housing Finance Agency (VHFA) joined Representative Peter Welch in South Burlington yesterday to announce a $4 million award from the federal government that will support the development of over 300 affordable apartments across Vermont over a three-year period.

Vermont Housing Finance Agency (VHFA) is pleased to announce that Seth Leonard, VHFA Managing Director of Community Development, has been selected for the Fulcrum Fellowship of the Center for Community Investment (CCI) at the Lincoln Institute of Land Policy.