Vermont Housing Finance Agency (VHFA) is seeking feedback and comments on the Qualified Allocation Plan (QAP) that guides the agency in making housing tax credit allocation decisions. The Agency has opened the initial comment period and will close the period on Friday, April 15, 2020. The current 2020-2021 QAP is available on VHFA’s website.
VHFA launches Vermont Housing Fellow Program
Caroline Rubin, a graduate student at University of Vermont, has been named the inaugural Vermont Housing Fellow by VHFA. Rubin will receive a financial stipend to improve and expand information available to decision makers about Vermont housing markets and opportunities. In the process, she will gain valuable experience aiding her professional development.
VHFA releases 2019 Annual Report
Vermont Housing Finance Agency (VHFA) has released its 2019 Annual Report. This year VHFA celebrated its 45th annniversary of financing and promoting affordable housing opportunities for low- and moderate-income Vermonters. Since it opened, the Agency has helped approximately 29,000 Vermont households with affordable mortgages and financed the development of approximately 8,800 affordable rental apartments.
Strength of VHFA bonds prompts Fitch to upgrade rating to AA+
Strong financial performance contributed to a rating upgrade from AA to AA+ for Vermont Housing Finance Agency (VHFA)'s multiple purpose bonds from Fitch Ratings last week. AA+ is the second highest possible rating from Fitch. The rating applies to all outstanding long-term debt under the multiple purpose program and should help lower the cost of affordable housing financing through VHFA.