Vermont Housing Finance Agency (VHFA) established the Vermont Housing Investment Fund (VHIF) in 2020 in recognition of a growing need for more flexible financing opportunities for affordable housing development. VHIF investments are intended to fill gaps in project budgets, allowing worthwhile housing projects to move forward despite complex and changing development conditions. Loans are targeted to projects utilizing federal Low-Income Housing Tax Credits or other projects with a minimum of 50% affordable units serving households below 80% AMI and affordability not exceeding 120% AMI for market rate units.
No other eligibility requirements
Does not coordinate with other systems
Does not limit eligibility on these criteria
Households within specific ZIP codes, neighborhoods