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Committee hears request to codify rental housing revolving loan fund and broaden eligibility
Summary
VHFA told the committee that proposed technical language would tweak eligibility for the rental housing revolving loan fund to better pair it with 4% tax credits; presenters described the change as noncontroversial and asked the committee to include it in legislative vehicles.
The committee discussed draft statutory changes that would codify and slightly change eligibility for the rental housing revolving loan fund (RLF) so the fund can be paired more effectively with 4% federal tax credits for development.
Maura Collins, executive director of the Vermont Housing Finance Agency, said the language would tweak who is eligible for the RLF “to match the intention of the legislation” and allow greater use of 4% tax credits in…
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