Vermont Energy and Equity Bridge Loan Program

The Energy & Equity Bridge Loan Program is a $4,650,000 revolving loan fund created by Vermont Housing Finance Agency with funding from the MacArthur Foundation and matched loan funds from Citizens Bank to promote and assist the preservation of affordable housing.

The Loan Program must be used to preserve affordable rental housing, as defined by VHFA, and can be used for acquisition and rehabilitation of unrestricted units being converted into affordable housing. Eligible uses include energy upgrades to improve efficiency, and related project costs (architectural & engineering), as well as capital improvements. There is no maximum loan amount, but loans less than $250,000 may be approved at the staff level, while loans greater than $250,000 must be approved by the Board.   

 

Contributed By: 
National Housing Trust

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