VP, Multifamily Finance

Vermont Housing Finance Agency (VHFA) was established in 1974 to finance and promote affordable, safe and decent housing opportunities for low- and moderate-income Vermonters. Each U.S. state has a housing finance agency.

Since its inception, Vermont HFA has helped 31,000 primarily first-time home buyers and their families purchase homes. VHFA provides financing, development and management support, subsidy administration, and tax credits for approximately 9,600 affordable apartments statewide.

VHFA operates with an average staff size of 42 and receives no general appropriation of state funds. Its loan programs are funded primarily through the issuance of tax-exempt bonds. VHFA operates on the net funds generated from fees and interest income that amounts to the difference between its cost of funds and the interest rate charged on its investment in loans.

Bonds issued by VHFA are secured by the cash flows of the underlying loans made by the Agency and are not obligations of the State of Vermont.

The Vice President of Multifamily Finance provides strategic leadership and oversight of VHFA's multifamily housing development financing activities, including underwriting, project structuring, tax credit allocation, construction and permanent lending, and portfolio preservation initiatives. The position is responsible for managing a high-performing project finance team and ensuring the effective deployment of Agency financial resources in support of Vermont's affordable housing development goals.