Definition
Vermont Housing Finance Agency (VHFA) was established in 1974 to finance and promote affordable, safe and decent housing opportunities for low- and moderate-income Vermonters.
Since its inception, VHFA has helped 31,000 primarily first-time home buyers and their families purchase homes. It also provides financing, development and management support, subsidy administration and tax credits for approximately 9,600 affordable apartments statewide. Each U.S. state has a housing finance agency.
VHFA's primary activities include:
- Homeownership mortgage financing programs
- Federal and state Housing Tax Credit programs
- Multifamily loan programs
- Asset management and monitoring
- HAP contract administration
In addition, VHFA analyzes and shares housing data, best practices and research innovations and supports communities, partners and policy makers seeking to improve housing affordability and opportunity.
