Annual Sale of Affordable Housing Tax Credits a Success
Each year, Vermont Finance Agency (VHFA) sells Vermont Affordable Housing Tax Credits to local financial institutions to fund affordable homes throughout the state. These homes will be sold to low- and moderate-income Vermonters (Homeownership Credits) and will help fund down payment assistance (DPA credits) for first-time homebuyers. This year, TD Bank, Union Bank, Passumpsic Bank, Northfield Savings Bank, and Peoples Trust Company purchased a total of $4.625 million in tax c