Vermont Housing Finance Agency (VHFA) announces the release of its 2027-2028 Qualified Allocation Plan (QAP) which establishes the policies, priorities, and evaluation criteria the Agency will use to allocate federal Low-Income Housing Tax Credits and Vermont Affordable Housing Tax Credits pursuant to Section 42 of the Internal Revenue Code (pdf) and applicable state law.
Public Comment Period (March 24-April 24)
The QAP is available for review and public comment now through April 24th.
Review the Drafted QAP (pdf). A hard copy may be requested by emailing [email protected].
Written comments can be submitted by any of the following methods:
- Email: [email protected]
- Mail:
VHFA
ATTN: QAP Public Comment
164 Saint Paul Street
Burlington, VT 05401
Please include “QAP Public Comment” in the subject line or on the envelope for faster processing. Comments must be received no later than 4:30pm on April 24th. Any comments received after the deadline will not be considered.
Public Hearing (hybrid)
A public hearing on the QAP will be held on April 6th from 9:00am-12:00pm.
- In-person: Attendees will meet in the VHFA Board Room at 164 Saint Paul Street in Burlington. Individuals requiring accommodations under the Americans with Disabilities Act (ADA) should contact the Agency at 802-864-5743 at least 3 business days prior to the hearing.
- Remote: Attendees can access the meeting via Zoom: https://us06web.zoom.us/j/81645170948
The QAP approval process includes the public comment period and public hearing discussed above, review by the Joint Committee on Tax Credits (JCTC), adoption by the VHFA Board of Commissioners, and approval by the Governor.
Following the close of the public comment period, VHFA will review all comments received and may revise the QAP prior to review by the JCTC and adoption by the VHFA Board of Commissioners. The final QAP and a summary of public comments will be posted on the Agency’s website.
For more information about the QAP update timeline, visit the VHFA QAP website at https://vhfa.org/developers/lihtc/qap.
Photo: Marble Village Apartments, Rutland, VT. Image courtesy of Cornerstone Housing Partners.