New estimates from the ACTION Campaign demonstrate the significant impact that the Low-Income Housing Tax Credit has had in Vermont, including creating and preserving over 7,000 affordable homes since 1986 and supporting nearly 8,000 jobs per year.

VHFA Executive Director Sarah Carpenter joined affordable housing partners in South Burlington last week to celebrate the completion of Allard Square. The project, developed by Cathedral Square Corporation and Synder-Braverman Development Company, created 39 one and two bedroom apartments for seniors, 29 of which will be rented at rates affordable to low income Vermont seniors. The project was funded in large part by federal tax credits and a loan awarded by VHFA.

Do you need an affordable apartment or know someone who does?  

There are vacancies in 34 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing. Learn more about particular units by clicking on the development name below, or by visiting the vacancy profiles on the website.

New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $500,000 grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the area’s shortage of housing affordable to Vermonters with low and moderate incomes. The money will support construction and renovation costs for perpetually affordable homes in Bristol, Jericho and several other towns. 

“This investment will help address the shortage of affordable housing in the area, which impacts not only our residents but also businesses and communities,” Dwyer remarked. “We believe that improving the affordability of homes in the counties we serve creates a cascade of benefits that help make the region more economically healthy in the long run,” he continued.