Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
VHFA warns down‑payment assistance is running short as tax‑exempt bond capacity tightens
Summary
Nora Collins, executive director of the Vermont Housing Finance Agency, told the committee VHFA has exhausted this year’s state tax‑credit sales that funded its Down Payment Assistance program and asked for a targeted extension; she also warned that declining bond cap and one‑time funding have put tax‑credit‑leveraged development capacity at risk.
Nora Collins, executive director of the Vermont Housing Finance Agency (VHFA), told the House committee that while many recent programs have produced homes, the agency faces limits in bond cap and tax‑credit resources that threaten ongoing programs — most immediately the Down Payment Assistance (DPA) program.
Collins framed the scale of need before the committee, saying the state needs roughly 30,000–40,000 homes and that about three quarters of the shortfall is for units affordable at under 80% of area median income. She described how tax‑exempt bond…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
