State, Federal and American Rescue Plan Act Funding for Investments in Housing, Conservation, Working Lands Businesses, and Rural Economic Development
The Governor and General Assembly agreed on a total appropriation of $168.8 million in state and federal funds to VHCB as a result of the 2021 Legislative Session — $14.8 million in base funding and $154 million in supplemental funding including from the federal American Rescue Plan Act State Fiscal Recovery Fund (ARPA-SFR). VHCB will also receive $9.8 million in ARPA funding from HUD through the federal HOME Program targeted to housing those experiencing homelessness during the pandemic. HUD guidance on the program and eligible uses of HOME-ARP is expected later this year.
VHCB expects to award these funds over the next two fiscal years to accelerate the production and rehabilitation of housing by non-profit and private housing developers, to conserve farmland, natural areas, forestland, and recreational lands, for VHCB's Vermont Farm & Forest Viability Program to assist working lands enterprises, and to assist communities with grant writing services through the Rural Economic Development Initiative.
VHCB invites applications for ARPA-SFR funds, see the schedule VHCB Board meeting dates and application deadlines here.
- Non-profit and Private Housing Developers, municipalities, and cooperative housing organizations are invited to apply for the federal ARPA-SFR funding as well as federal HOME Program and National Housing Trust funding administered by VHCB.
- Non-profits, municipalities, and cooperative housing organizations are eligible to apply for state VHCB funding, both supplemental and base.
Focused Areas for Investment with Supplemental Housing Funding
($144 million in State General Fund, Property Transfer Tax Revenue, and ARPA-SRF)
- Fast-track housing for those experiencing homelessness
- Advancing at more rapid speed the production of mixed-income, multi-family housing
- Mobile Home Park infrastructure upgrades, park purchases and replacement of abandoned homes in mobile home parks
- Recovery Residences to help Vermonters coping with addiction
- Helping renters move into homeownership, relieving pressure on the rental market
- Addressing a backlog of requests for accessibility improvements through the Vermont Center for Independent Living’s Home Access Program
- Developing incentives to promote the development of Accessory Dwelling Units across Vermont
- Farmworker housing repair and replacement program
More Information/To Apply for Housing Funds:
- VHCB ARPA-SFR Guidelines and Procedures - Effective July 1, 2022
- VHCB ARPA Frequently Asked Questions - Amended 6/19/2022
- Standard conditions for ARPA-SFR funding awards
- Board meeting dates and application deadlines
- General information about applying for VHCB, ARPA-SFR, HOME, HOME-ARPA, and National Housing Trust Funds, the housing application and required checklists.
All applications will be reviewed consistent with VHCB funding policies and the Final Rule and associated guidance for ARPA-SFR issued by the U.S. Treasury Department.
VHCB AWARDS OF ARPA-SFR FUNDING TO DATE
Beginning in June 2021, VHCB committed supplemental state funding as well as ARPA-SFR funds, primarily to assist Vermonters experiencing homelessness. These awards are the result of a call for applications issued in spring 2021 in anticipation of state fast-track funding and the need for hundreds of new homes for these households.
June and July awards of ARPA-SFR funding