VHFA awards millions in affordable housing tax credits for upcoming construction but rental housing proposals outweigh available credits 2 to 1
On Monday, April 17, the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Low-Income Housing Tax Credits (LIHTC) and Vermont Affordable Housing Credits that will provide almost $37 million in upfront equity to construct and renovate housing for low-income Vermonters over the next several years. The $2.5 million in ten-year federal capped credits, $610,000 in ten-year federal uncapped “bond” credits and $485,000 in five-year state credits will supp