The Vermont Housing Finance Agency (VHFA) is chartered as a private non-profit agency to finance and promote affordable housing opportunities for low- and moderate- income Vermonters. They are located in Burlington, Vermont.

History
The Vermont legislature established it in 1974.
By 2011, the VHFA had assisted approximately 27,000 people to purchase primary residences; and provided financing, development and management support, subsidy administration and tax credits for about 8,400 units of multifamily rental housing.

Operations
The board of directors has five members whom the Governor of Vermont appoints. There are also four "ex-officio" members representing the finance and construction industry who also vote. The Executive Director is Sarah E. Carpenter.

VHFA helps applicants with
• Single-family and homeownership mortgage financing programs
• Multifamily programs including:
o Multifamily loan programs
o Asset management and monitoring
o Housing Assistance Payments contract administration
o Federal and state Housing Tax Credit programs
VHFA reports housing data to responsible government agencies.

Financial
Since 1974, the agency has issued $2.96 billion worth of bonds and other financial instruments, of which $783.9 million was still outstanding at the end of the fiscal year ending June 30, 2010. Operating expenses were $4.6 million out of which $3.0 million were for personnel salaries and benefits.

Staffing
VHFA has about 40 employees. it issues tax-exempt bonds to fund its loan programs. It supports its operation out of the difference between what it gets for interest from its debtors and what it gets from lenders. The bonds are obligations of the agency and are underwritten by its loans.