NOW ACCEPTING APPLICATIONS!
Champlain Housing Trust is now accepting applications for the Vermont Housing Improvement Program (VHIP). This program allows property owners to rehab vacant and distressed apartments to increase available affordable rental housing, particularly for households who are exiting homelessness.
Due to limited funding and a high level of interest in the program, CHT has created an application deadline of May 6, 2022.
- VHIP offers grants up to $30,000 per unit for repairs needed to bring vacant rental units up to Vermont Rental Housing Health Code guidelines.
- Property owner is required to contribute at least a 20% match towards the project.
- Property owner must lease the apartment to a household who is experiencing homelessness. Property owner agrees to work with the Coordinated Entry program to find a tenant.
- VHIP units must be rented at or below HUD Fair Market Rents for the appropriate County for at least five years (published annually) and Landlord must sign a Housing Affordability Covenant outlining the agreement
If you have questions or would like to be put on our contact list for future updates, please email [email protected] or call (802) 810-8217.
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