Vermont Housing Finance Agency (VHFA) worked with local financial institutions to fund affordable homes that will be sold to low- and moderate-income Vermonters. Passumpsic Bank, Mascoma Bank, Union Mutual Insurance, Community National Bank, and Union Bank invested in Vermont Affordable Housing Tax Credits available through VHFA.
Legislation to expand federal tax credit program gains bipartisan support
The federal Low Income Housing Tax Credit (LIHTC) has had an enormous impact in Vermont. Since 1986, federal housing tax credits allocated through Vermont Housing Finance Agency (VHFA) have helped build over 7,400 homes for low-income families.
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Act 48 stakeholder meeting to be held on December 16
In 2019, the Vermont Legislature passed Act 48, which included asking the State Treasurer to evaluate and report on options for funding and financing affordable housing in the state. This report is due on January 15, 2020.