Vermont Housing Finance Agency
VHFA provides homeownership financing by purchasing loans from more than 30 participating lenders around the state. Participating lenders include banks, credit unions and mortgage companies. Homeownership opportunities and education are further enhanced through VHFA's financial support of and involvement with five NeighborWorks® HomeOwnership Centers located around the State. VHFA was instrumental in the start up and provides ongoing funding of the Centers. VHFA provided $346,500 for operating funds to HomeOwnership Centers in fiscal year 2006.
At its Dec. 18 meeting, the VHFA Board of Commissioners decided to suspend new activity under VHFA’s multifamily and single-family Ventures pre-development loan program.
We hope to resume this program, which has helped fund start-up development costs for non-profit organizations, as soon as market conditions allow.
