Created by the Vermont Legislature in 1974, the Vermont Housing Finance Agency (VHFA) is a non-profit organization that functions as a public-purpose entity. Its mission is to address the housing needs of low- and moderate-income residents of Vermont by financing homeownership and the development of affordable rental housing. VHFA achieves this by issuing tax-exempt bonds to raise capital from private investors, which is then used to fund its mortgage and development programs, all without the use of state tax dollars.

Founded in

United States