Vermont Housing Finance Agency

Company type	Non-Profit
Industry	Affordable housing
Founded	1974 (Vermont)
Headquarters	Vermont
Area served	Vermont
Key people	Maura Collins
Products	Affordable housing
Website	www.vhfa.org

Part of a series on
Living spaces
Main House (detached) • Apartment • Housing projects • Human outpost • Tenement • Condominium • Mixed-use development (live-work) • Hotel • Hostel (travellers' hotel) • Castles • Public housing • Squat • Flophouse • Green home • Shack • Slum • Shanty town
Issues Affordability • Executive housing • Environmental planning • Eviction • Fair housing • Healthiness • Homelessness • Housing discrimination • Housing inequality • Home ownership • Luxury apartments • Ownership equity • Permit • Rent • Subprime lending • Subsidized housing • Sustainable development • Vagrancy
Society and politics Housing First • NIMBY • Housing subsidy • Rent control • Real estate economics • Redlining • Right to housing • Rent strike • Tenants union • YIMBY
Other Assisted living • Cottage homes • Foster care • Group home • Halfway house • Homeless shelter • Hospital • Nursing home • Orphanage • Prison • Psychiatric hospital • Residential care • Retirement home • Residential treatment center • Retirement community • Supportive housing • Supported living Housing portal
v t e

The Vermont Housing Finance Agency (VHFA) is chartered as a private non-profit agency to finance and promote affordable housing opportunities for low- and moderate- income Vermonters.^[1] They are located in Burlington, Vermont.

History

The Vermont legislature established the agency in 1974.^[1]

By 2018, the VHFA had assisted approximately 29,000 people to purchase primary residences; and provided financing, development and management support, subsidy administration and tax credits for about 13,650 units of multifamily rental housing.^[1]

Operations

The board of directors has five members whom the Governor of Vermont appoints. There are also four "ex officio" members representing the finance and construction industry who also vote.^[2] The Executive Director is Maura Collins.^[3]

VHFA helps applicants with^[1]

• Single-family and homeownership mortgage financing programs
• Multifamily programs including:
  • Multifamily loan programs
  • Asset management and monitoring
  • Housing Assistance Payments contract administration
  • Federal and state Housing Tax Credit programs

VHFA reports housing data to responsible government agencies.

Financial

Since 1974, the agency has issued $2.96 billion worth of bonds and other financial instruments, of which $783.9 million was still outstanding at the end of the fiscal year ending June 30, 2010. Operating expenses were $4.6 million out of which $3.0 million were for personnel salaries and benefits.^[4]

Staffing

VHFA has about 40 employees. it issues tax-exempt bonds to fund its loan programs. It supports its operation out of the difference between what it gets for interest from its debtors and what it gets from lenders. The bonds are obligations of the agency and are underwritten by its loans.^[1]

Notes

External links

• State Housing Agencies Get Caught in Credit Crunch
• Forest Park banks on grants for revitalization
• Tax credits aid Vermont home sales
• National Homeownership Month program
• Vermonters Struggle To Afford Renting a Home
• Study shows recession makes Vermont’s housing problems harder to solve
• Home prices out of reach for Vermonters (video)^{[permanent dead link]}
• Affordable Housing in Vermont (Video produced by the Vt Housing Awareness Campaign)
• Pop Quiz: Sarah Carpenter
• She’s got you covered - Magazine profile of Executive Director

44°28′30″N 73°12′49″W / 44.474985°N 73.213609°W / 44.474985; -73.213609