The Vermont Homeowner Assistance Program (VHAP) has paid over $22.5 million in grants to assist homeowners impacted by the pandemic. This represents nearly 55% of total program funding available to homeowners.

Administered by the Vermont Housing Finance Agency, VHAP launched in January, 2022 to assist homeowners who have faced economic hardship brought on by the COVID-19 pandemic. The program, funded by the federal American Rescue Plan Act, provides grants of up to $30,000 per household towards overdue mortgage payments, utility bills, property taxes, and property association charges. Application assistance and counseling is available through local nonprofit partners.

On June 7th 2022, Governor Scott signed legislation that provides $15 million in funding for the Missing Middle-Income Homeownership Development Pilot Program. The program will be initially funded from a portion of the state’s American Rescue Plan Act funding. The program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of Area Median Income or lower. VHFA launched the program in December 2022.

MIDDLEBURY, VT - With many Vermonters feeling stuck because of the increasing costs of homes and the dire lack of availability, officials announced a new program to build more moderately priced homes across the state. The Missing Middle-Income Homeownership Development Program will provide subsidies and incentives for home builders to construct or rehabilitate modest homes affordable to Vermont homebuyers at 120% of the area median household income or lower. 

Drafty, inefficient homes in need of weatherization will soon have a new affordable program available to them with the launch of the Weatherization Repayment Assistance Program (WRAP). The program, funded by $9 million from the state and overseen by the Vermont Housing Finance Agency (VHFA), will use an innovative on-bill payment model to help moderate-income Vermonters participate in comprehensive home energy projects.

WRAP will allow Vermont households to pay for qualifying weatherization projects like insulation and air sealing as well as heat pumps and advanced wood heating systems through a monthly charge on their utility bill that can be paid back over time. Both homeowners and renters can participate in the program.