The Vermont Housing Finance Agency (VHFA) Board of Commissioners recently awarded state housing tax credits for five affordable homeownership development projects. Homes receiving tax credits will retain their affordability for future buyers should the owners sell the home in the future. For one of the projects, a large portion of the down payment assistance provided to the buyers of these homes will be through the Federal New Markets Tax Credits (NMTC) program. This project will be the first homeownership NMTC development in Vermont.
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