Vermont State Housing Authority

What Vermont State Housing Authority does

Vermont State Housing Authority (VSHA) is a quasi-governmental state housing authority headquartered in Montpelier, Vermont, with regional field offices in Middlebury, St. Albans, and White River Junction. Founded in the late 1960s, the organization employs 51-100 staff and functions as Vermont's designated administrator of federal U.S. Department of Housing and Urban Development (HUD) programs, most prominently the Section 8 Housing Choice Voucher (HCV) program, through which it currently serves nearly 4,500 low-income households. In parallel, VSHA directly owns and manages more than 1,500 units of affordable housing, comprising both apartments and mobile home pads, through its Managed Housing portfolio.

The authority's product surface is programmatic rather than commercial. Core offerings include the HCV program (federal tenant-based rental assistance), the Managed Housing portfolio (project-based affordable units), the Mobile Home Improvement Program (MHIP) and Mobile Home Income Restoration (MHIR) programs for manufactured housing owners, a Landlord Relief program aimed at retaining private-market rental units, and an Eviction Prevention initiative funded by a $2.5 million Vermont FY2025 appropriation under H.829. Operationally, VSHA is migrating property inspections to HUD's NSPIRE physical condition standards and partners with external intermediaries including eXp Realty and CVOEO to extend program reach into mobile home and income-restoration segments.

VSHA's revenue model is grant- and subsidy-driven rather than market-priced. Funding flows from three principal sources: federal HUD allocations (covering both Housing Assistance Payments to landlords on behalf of HCV holders and administrative fees), Vermont state appropriations (notably the FY2025 $2.5M eviction prevention allocation), and rental income from the 1,500+ units under direct management. Because VSHA is a public authority, there is no equity instrument, no pricing model in the conventional sense, and no customer billing relationship analogous to a SaaS or services firm — beneficiary households pay no direct fee to VSHA, and landlord participation is governed by regulated HCV contracts.

Name

Vermont State Housing Authority

Legal name

Vermont State Housing Authority

Website

https://vsha.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

51–100 employees

Short description

Vermont State Housing Authority is a quasi-governmental agency headquartered in Montpelier that administers federal HUD Section 8 vouchers for nearly 4,500 low-income households and directly manages 1,500+ affordable housing units statewide through four regional field offices.

Ownership category

akta.pro rank

Product category

Public Housing Assistance

NAICS

Administration of Housing Programs (925110), Residential Property Managers (531311)

SIC

Services-Social Services (8300), Operators Of Apartment Buildings (6513), Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Housing Voucher & Rental Assistance Programs (Tenant-Based/Project-Based) (FSALAKAI)

akta.pro secondary industries

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Housing Benefits & Rent Subsidy Administration (BPAIAKAG), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Public housing assistance
• Rental subsidy programs
• Affordable housing services
• Housing voucher administration
• Managed housing portfolio

Headquarters

HQ city

Montpelier

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Federal Housing Assistance (HUD): VSHA receives federal funding from the U.S. Department of Housing and Urban Development (HUD) to administer the Housing Choice Voucher program, serving nearly 4,500 households with authorized vouchers. Revenue comes through housing assistance payment (HAP) contracts with landlords.
2. State Funding - Eviction Prevention: State funding from Vermont legislature for specific programs. In FY2025, VSHA received $2.5 million through H.829 to establish a Rent Arrears Assistance Fund for eviction prevention.
3. Property Management Services: VSHA manages properties owned by nonprofit and profit entities. The managed portfolio exceeds 1,500 units including apartments and mobile home pads, with approximately one-third apartment living and two-thirds mobile home pads.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Vermont State Housing Authority administers federal and state housing assistance programs in Vermont, including Housing Choice Vouchers (Section 8) for low-income renters, a managed affordable housing portfolio of more than 1,500 units, and specialized initiatives such as the Manufactured Home Improvement and Repair (MHIR) program, Manufactured Housing Infrastructure Program (MHIP), Landlord Relief Program, and Eviction Prevention Fund. The authority also conducts NSPIRE housing-quality inspections and processes Housing Assistance Payments to participating landlords on behalf of voucher holders.

Product overview

Vermont State Housing Authority (VSHA) operates a portfolio of government-funded housing assistance programs rather than a unified software product. The core offerings include the Section 8 Housing Choice Voucher program for rental assistance, a Managed Housing Program managing over 1,500 units of apartments and mobile home pads, and specialized initiatives including the Mobile Home Infill Program (MHIP), Landlord Relief Program (LRP), Eviction Prevention Program, and Manufactured Home Improvement and Repair Program (MHIR). Additional programs include Development, Home Ownership, Family Self-Sufficiency (Forward Motion), Portability, and Move-In VT. Digital access is provided through tenant and landlord portals, with housing portfolio spanning multiple Vermont counties including Elderly/Disabled Housing, Family Housing, and Mobile Home Parks categories.

Differentiator

Problem solved

Functional benefit

Brands

• Section 8 Housing Choice Voucher Program: A rental assistance program providing vouchers to help low-income families afford safe housing.
• Landlord Relief Program (LRP)
• Manufactured Home Improvement and Repair Program (MHIR)
• Mobile Home Infill Program (MHIP)
• Eviction Prevention Program

Products and services

• Housing Choice Voucher Program (Section 8)
• Managed Affordable Housing Portfolio
• Manufactured Home Improvement and Repair (MHIR) Program

Quantifiable outcome

• Authorized to serve nearly 4,500 households through Housing Choice Voucher program
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• eXp RealtycoreGTM or Marketing PartnerVSHA has contracted with eXp Realty as the listing agency for the Rapid Response Mobile Home Infill Program (MHIP). This partnership facilitates the sale of manufactured homes within participating mobile home parks to income-eligible buyers.
• CVOEO (Champlain Valley Office of Economic Opportunity)coreImplementation/ SI/ Consulting PartnerCVOEO partners with VSHA to administer the MHIR (Manufactured Home Improvement and Repair) Program. CVOEO provides application assistance for home repair programs through their staff, available by phone at (802) 660-3455 ext. 204.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Rhode Island Housing: Rhode Island Housing is the state's housing finance agency, operating Section 8, rental assistance, homeownership, and affordable housing development programs. Comparable in role, regulatory mandate, and small-state New England operating context to VSHA.
• New Hampshire Housing Finance Authority: New Hampshire Housing is the state's designated housing finance authority, operating federal HUD programs including Section 8 HCV, homeownership assistance, and multifamily development. Directly comparable in role and New England regional operating environment to VSHA.
• Connecticut Housing Finance Authority (CHFA): CHFA administers Housing Choice Vouchers, affordable mortgage programs, and multifamily housing financing in Connecticut. Comparable to VSHA in administering HUD voucher programs and state-level housing finance, though operating in a larger and more urban state.
• Massachusetts Housing Partnership (MHP): MHP is a state-designated public body in Massachusetts that finances affordable rental housing, supports Section 8 voucher administration through partnerships, and runs homeownership programs. Comparable state-chartered affordable housing finance role to VSHA.
• Maine State Housing Authority (MaineHousing): MaineHousing is the state housing authority for Maine, administering federal HUD programs including Housing Choice Vouchers, rental assistance, and affordable housing development. Highly comparable to VSHA in scope, regulatory role, and rural New England operating context.

Others

• Hunger Free Vermont: Vermont-based nonprofit addressing food and housing insecurity through advocacy and direct services. Thematically adjacent to VSHA's housing stability mission but focuses on a different social assistance domain within the same state ecosystem.
• Housing Action Vermont: Vermont-based housing advocacy organization working on affordable housing policy, tenant rights, and homelessness prevention. Operates within the same Vermont affordable housing ecosystem as VSHA but as an advocacy and policy organization rather than a program administrator.

Regional players

• Burlington Housing Authority: Burlington Housing Authority administers Section 8 vouchers, public housing units, and affordable housing programs in Burlington, Vermont. Local-level peer operating within the same state regulatory and funding environment as VSHA.
• Champlain Housing Authority (Burlington, VT): Champlain Housing Authority is the largest local public housing authority in Vermont, administering HUD vouchers, public housing, and affordable rental units in the Burlington area. Operates within the same state and regulatory framework as VSHA but at a more local level.

Emerging players

• Corporation for Supportive Housing (CSH): CSH is a national nonprofit that finances and advocates for supportive housing for vulnerable populations. Operates in the affordable and supportive housing space with overlapping concerns around housing stability, but is not a state housing authority.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vermont-state-housing-auth

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vermont State Housing Authority