The Vermont Housing & Conservation Board (VHCB) is seeking concepts for innovative housing development projects. These projects will be funded by the Housing for All Revenue Bond (HRB), which was issued by VHFA on behalf of the state in January. The proceeds of the $37 million bond are administered by VHCB for the development and rehabilitation of owner-occupied and rental housing for Vermonters with very low to moderate incomes. To date, 414 new homes across the state have been developed.
VHCB invites the development community to propose innovative approaches to affordable housing development. VHCB’s goals for the use of the HRB funds include the development and improvement of 550-650 units of housing, meeting the highest priority housing needs, geographic distribution, leveraging an additional $70-100 million in additional resources, and allowing for the piloting of new approaches to providing affordable housing. Developers of selected proposals will be invited to submit a competitive application for consideration by the VHCB Board.
For more information and to learn how to apply, review VHCB’s Request for Concepts. Proposals are due by October 31, 2018. VHCB will hold a conference call on August 22 at 1:00 pm to respond to questions. Clarifying questions should be submitted to Martin Hahn, Housing Director at VHCB ([email protected]).