Charitable Housing Investment Tax Credit

When you invest with VCLF you can choose to take advantage of the Charitable Housing Investment Tax Credit. Instead of earning interest, you can receive a tax credit that supports affordable housing and reduces your Vermont income taxes.

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Investors who opt to receive the CHTC won't earn any investment interest.

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Instead, they receive a tax credit equal to 3.0% of the value of their VCLF investment to offset their State of Vermont income tax liability.*

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Since they're receiving a credit (as opposed to a refund), that benefit is completely untaxed.

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After taxes, the benefit they will have received will be greater than the amount they would have received with an investment with us at an equivalent rate.

How it works

A two-story house with a front porch, surrounded by a well-maintained yard and trees, under a partly cloudy sky.
Close-up view of a modern multi-story apartment building with blue facade and black balconies, with some containers on the balconies, and an orange building in the background under a clear sky.

You win. You receive the highest possible rate of return for your VCLF investment.

VCLF wins. We can pass on the lower cost of financing to the borrower.

Vermont wins. The state leverages private capital to meet a public need for safe, affordable homes.

Everyone wins

Ready to get started?

Register for a Charitable Housing Tax Credit Account

➡️ Or learn more about Vermont’s Charitable Housing Tax Credit from the state’s website

Get In Touch

If you're interested in impact investing, have questions, or just want to learn more, fill out this form and we’ll be in touch soon!

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Liz Touchstone
Impact Investment Manager

Jake Ide
Director of Investment & Philanthropy

*These rates are subject to change every July 1st. Investors must opt in to the Charitable Housing Tax Credit Program on VCLF's Investor Response Form. The Vermont Community Loan Fund does not provide tax advice. Please consult your tax advisor to determine how the Charitable Housing Tax Credit can benefit you.