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25 Years of VCLF


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The Vermont Community Loan Fund is located in the heart of historic downtown Montpelier. For more information on our loan programs, or to learn how you can make an investment, please contact us.


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Often we talk about the Loan Fund's work in terms of dollars lent.  Dollars and cents don't give a face to the human element in our work and the effect that community investing has on our neighbors and in our hearts.

Will Belongia
VCLF Executive Director

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We believe that a safe, affordable home is the cornerstone of any family's ability to become economically stable, achieve self-sufficiency and build wealth for the future.

We provide financing for projects that build or rehabilitate homes for lower-income Vermonters or other vulnerable populations. Ranging in size from one home to 100, our projects include single- and multi-family homes. Whenever possible, we partner with traditional lenders, philanthropic organizations and other community resources to make the deal happen.

Basic Eligibility

Vermont nonprofits, for-profit organizations and individuals who:

  • Create or preserve affordable housing
  • Benefit Vermonters earning less than 80% of the median income
  • Are unable to obtain credit at reasonable rates and terms

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Acceptable Uses

  • Real estate acquisition
  • Construction
  • Rehabilitation
  • Bridge financing

Rates and Terms

  • Current rates start at 4.625% and vary according to project focus, potential for social impact and strength of your proposal.
  • Terms range from a few months up to 5 years, with extensions generally permitted for another 3 to 5 years. Amortization may be scheduled for up to 25 years.
  • There is an application fee of 0.5% of the total loan amount or $350, whichever is greater. There is an origination fee of 1.5% of the total loan amount due at closing; the application fee is credited towards this closing fee.


Collateral is required on financed assets. Additional collateral may also be required.

Maximum Loan Amount

The current maximum loan amount will not exceed $1 million.

How to Apply

We encourage you to speak to a loan officer before submitting a loan application. 

Please contact Barbara Petrie, Loan Coordinator for Housing and Community Facilities Programs, at (802) 223-4425, or by email for more information.

You may download application forms here: