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State official: VHIP averaging $39,000 per project, meets 30% set‑aside for people exiting homelessness
Summary
Alex Farrell, commissioner of the Department of Housing and Community Development, told the General & Housing committee that VHIP continues to perform well with an average cost near $39,000, that private owners generally contribute roughly a one-to-one match, and that the program is meeting a 30% set-aside for households exiting homelessness.
Alex Farrell, Commissioner of the Department of Housing and Community Development, updated the General & Housing Committee on the state’s VHIP program, saying it "continues to function very successfully" and that "the average cost is still down around 39,000." Farrell said several iterations of the program (RHRP, BeHIP 1 and BeHIP 2) remain relevant, and pointed to a Brandon project that converted a long-vacant storefront into a three-unit property housing three households who exited homelessness.
Committee members asked about upfront capital requirements for…
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