Affordable Housing Loans

A front porch with light blue siding, white trim, and a black front door with gold hardware. There are white wicker chairs with blue and yellow cushions, a small potted plant, and a black outdoor lantern. Overhead is a ceiling fan and ceiling.
a brick apartment building

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.

Loan Guidelines

  • Vermont nonprofits, for-profit organizations and individuals who:

    • Create or preserve affordable housing

    • Benefit Vermonters with low incomes, evidenced by restrictions on rent levels or tenancy (for example, recovery, re-entry or elderly housing)

    • Are unable to obtain credit at reasonable rates and terms

  • ACCEPTABLE USES

    • Real estate acquisition

    • Construction

    • Rehabilitation

    • Predevelopment

    • Land Banking

    • Bridge financing

    • 6.65% annual interest, and 4.65% for permanently affordable housing projects

    • 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 40 years.

    • There is a nonrefundable application fee of 0.5% of the total loan amount or $500, whichever is greater. There is an origination fee of 1% 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.

    • The current maximum loan amount is $2 million.

  • We encourage you to speak with us before submitting a loan application. Please complete the form below, contact us at admin@vclf.org, or call us at 802-223-1448.


A two-story house with light yellow vinyl siding and white trim is under construction. The house has several windows, and some construction work is ongoing with black house wrap visible on one side. A porch with a lattice side and an American flag is at the front. The house is surrounded by tall green trees, and a clear blue sky is above.

Career Technical Education Construction & Rehabilitation Loan

This loan offers zero-fee, zero-interest, partially forgivable loans to any of Vermont’s 17 career technical education centers or partners for projects that offer high school or adult CTE students the chance to expand their skills and gain hands-on experience.

Learn more

Get In Touch

Interested in our loan programs, have questions, or just want to learn more? Fill out this form and we’ll be in touch!

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Makayla LaPerle
Loan Administrator

MaryAnn Songhurst
Loan Administrator

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.