2026-04-23T17:12:25-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2024-07-01 030239902 VERMONT HOUSING FINANCE AGENCY VERM 8026523445 164 ST PAUL STREET BURLINGTON VT 05401 CHRIS FLANNERY CFO 8026523445 2026-04-17 1 1 LORI ROTHE YOKOBOSKY P01273422 4107834900 2026-04-17 2024 2025-03-06 01:10:19Z MAURA COLLINS 164 ST PAUL STREET BURLINGTON VT 05401 68973160 0 X VHFA.ORG X 1974 VT TO FINANCE AND PROMOTE AFFORDABLE, SAFE AND DECENT HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME VERMONTERS. TO PROVIDE ELDERLY AND LOW-INCOME PERSONS WITH HOUSING FACILITIES AND SEVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEED AND TO PROMOTE THEIR HEALTH, SAFETY, SECURITY HAPPINESS AND USEFULNESS IN LONGER LIVING. 9 9 58 0 0 0 0 0 41423718 35553171 5165348 4850113 0 0 46589066 40403284 0 1373316 0 0 4776439 5548001 0 0 0 30721767 26855183 35498206 33776500 11090860 6626784 592730424 705400189 480538581 581756027 112191843 123644162 X SEE SCHEDULE O 0 0 29953313 32376042 MONIES FROM THE SINGLE FAMILY, MULTI-FAMILY, MULTI-PURPOSE, AND GENERAL OPERATING PROGRAM FUNDS HAVE BEEN USED BY THE AGENCY TO PURCHASE MORTGAGE BACKED SECURITIES AND FINANCE MORTGAGE LOANS ON SINGLE AND MULTI-FAMILY RESIDENTIAL HOUSING UNITS FOR PERSONS AND FAMILIES OF LOW AND MODERATE INCOME WITHIN THE STATE OF VERMONT. 3177117 1373316 3177129 THE AGENCY PARTICIPATES IN THE FOLLOWING FEDERAL FUNDING PROGRAMS UNDER THE AMERICAN RESCUE PLAN ACT (ARPA): HOMEOWNER ASSISTANCE PROGRAM (HAP). THE AGENCY PARTICIPATES IN THE FOLLOWING TREASURY DEPARTMENT'S CDFI FUNDED PROGRAM: CAPITAL MAGNET FUNDS 2021, 2023 AND 2024. 33130430 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 127 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X CHRIS FLANNERY 8026523445 164 ST PAUL STREET BURLINGTON VT 05401 CHRISTOPHER GOMEZ COMMISSIONER 1.00 X 0 0 0 FRED BASER COMMISSIONER 1.00 X 0 0 0 GUSTAVE SEELIG COMMISSIONER 1.00 X 0 0 0 JEANNE MORRISSEY COMMISSIONER 1.00 X 0 0 0 KAJ SAMSON COMMISSIONER 1.00 X 0 0 0 KATIE STUART-BUCKLEY COMMISSIONER 1.00 X 0 0 0 KEVIN GAFFNEY OUTGOING COMMISSIONER 1.00 X 0 0 0 LINDSAY KURRLE COMMISSIONER 1.00 X 0 0 0 MARIE MILORD-AJANMA COMMISSIONER 1.00 X 0 0 0 MICHAEL PIECIAK COMMISSIONER 1.00 X 0 0 0 CHRIS FLANNERY CHIEF FINANCIAL OFFICER 50.00 X 166072 0 27315 MAURA COLLINS EXECUTIVE DIRECTOR 50.00 X 217916 0 45495 GEORGE DEMAS GENERAL COUNSEL 50.00 X 158050 0 18709 JACKLYN SANTERRE MANAGING DIRECTOR OF HOMEO 50.00 X 134282 0 35437 DEBORAH FLANNERY MANAGING DIRECTOR OF COMMUNITY DEVELOPMENT 50.00 X 159606 0 16831 835926 0 143787 5 0 1 0 0 INTEREST INCOME - MORTGAGES 523000 25540873 25540873 OTHER OPERATING INCOME 523000 4375097 4375097 FEDERAL PROGRAMS 523000 3177129 3177129 FEE INCOME - MULTI-FAMILY 523000 2459027 2459027 FEE INCOME - SINGLE FAMILY 523000 1045 1045 35553171 4105924 4105924 29314065 28569876 744189 744189 744189 40403284 35553171 0 4850113 423316 423316 950000 950000 460637 460637 5087364 5087364 96303 96303 86805 86805 117551 42874 74677 94654 94654 139058 139058 69526 69526 61046 61046 FINANCING COSTS 21811207 21811207 FEDERAL GRANT EXPENSES 1803801 1803801 WRAP PROGRAM EXPENSE 1332169 1332169 GENERAL AND ADMIN 484588 484588 758475 758475 33776500 33130430 646070 0 85513399 87678426 44858 296219 228704697 269195387 291914 269749 2957374 2458393 472194 498981 12826063 3932481 234045254 313702927 30832045 29826019 592730424 705400189 1748865 3162397 7808278 10197976 372743868 441140968 87986823 114154116 10250747 13100570 480538581 581756027 X 18390843 16734162 93801000 106910000 112191843 123644162 592730424 705400189 6626784 4825535 0 X 0 1 X 1 1 1 X X 1 STATE OF VERMONT 036000264 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 X PART IV, SECTION D, LINE 3 THE ORGANIZATION OFFICERS AND DIRECTORS WERE EITHER ELECTED BY THE SUPPORTED ORGANIZATIONS OR SERVING ON THE GOVERNING BODY OF A SUPPORTED ORGANIZATION. PART IV, SECTION E, LINE 1C VERMONT HOUSING FINANCE AGENCY (THE AGENCY) WAS CREATED AS A BODY POLITIC AND CORPORATE OF THE STATE OF VERMONT BY AN ACT OF THE GENERAL ASSEMBLY APPROVED ON APRIL 11, 1974 (THE ACT). THE PURPOSE OF THE AGENCY IS TO PROMOTE THE EXPANSION OF THE SUPPLY OF FUNDS AVAILABLE FOR MORTGAGES ON RESIDENTIAL HOUSING AND TO ENCOURAGE AN ADEQUATE SUPPLY OF SAFE AND DECENT HOUSING AT REASONABLE COSTS. THE AGENCY IS A COMPONENT UNIT OF THE STATE OF VERMONT AND THE STATE OF VERMONT APPOINTS A MAJORITY OF THE AGENCY'S BOARD OF COMMISSIONERS. 50000 50000 1000834 763136 237698 1906540 1695257 211283 498981 MORTGAGE BACKED SECURITIES 313702927 F 313702927 ESCROWED CASH DEPOSITS 9496103 ACCRUED INTEREST PAYABLE 3604467 13100570 45228819 4825535 4825535 40403284 0 40403284 33776500 0 33776500 0 33776500 1 SAFFORD REAL ESTATE LLC 397 WEKIVA SPRINGS RD 225 LONGWOOD FL 32779 471887406 423316 0 CASH SAFFORD COMMONS VALUE GAP THE VERMONT LEGISLATURE APPROPRIATED FUNDS FOR VHFA TO ESTABLISH A MISSING MIDDLE-INCOME HOME OWNERSHIP PROGRAM TO PROVIDE SUBSIDIES FOR NEW CONSTRUCTION OR ACQUISITION AND SUBSTANTIAL REHABILITATION OF AFFORDABLE OWNER-OCCUPIED HOUSING FOR PURCHASE BY INCOME-ELIGIBLE HOMEBUYERS 1 FIRST-GENERATION HOMEOWNERSHIP PROGRAM 54 810000 CASH THE FIRST-GENERATION HOMEOWNERSHIP PROGRAM WAS CREATED BY THE VT LEGISLATURE TO OFFER $15,000 GRANTS TO ELIGIBLE HOMEBUYERS WHO ARE TYPICALLY UNABLE TO ACCESS THE GENERATIONAL WEALTH HOMEOWNERSHIP CAN PROVIDE. SHARED EQUITY GRANTS 28 140000 CASH PROGRAM PROVIDES $5,000 FOR DOWN PAYMENT AND CLOSING COSTS TO ELIGIBLE BUYERS. HOME BUYER MUST BE PURCHASING A WITH ASSISTANCE FROM A VERMONT HOUSING TRUST IN THE FORM OF A SHARED EQUITY SUBSIDY. THE HOUSING TRUST SHARED EQUITY SUBSIDY REQUIRES THE BUYERS TO SHARE THE EQUITY IN THE PROPERTY WITH FUTURE BUYERS BY LIMITING THE AMOUNT OF EQUITY THEY RECEIVE. PART I, LINE 2: THE FIRST-GENERATION HOMEOWNERSHIP PROGRAM: EACH BORROWER AND NON-BORROWING SPOUSE HEREBY ATTEST THAT THEY ARE A TRUE FIRST-TIME BUYER OF A PRIMARY RESIDENCE AND HAVE NEVER HELD AN OWNERSHIP INTEREST IN OR RECEIVED A SPOUSAL BENEFIT FROM A PRINCIPAL RESIDENCE AT ANY LOCATION AT ANY TIME. IN ADDITION, AT LEAST ONE PERSON WHO WILL BE TAKING TITLE TO THE SUBJECT PROPERTY MUST ATTEST TO THE FOLLOWING: MY PARENTS OR LEGAL GUARDIANS: DO NOT HAVE AND DURING MY LIFETIME NEVER HAD ANY RESIDENTIAL OWNERSHIP INTEREST IN ANY STATE, OR - LOST OWNERSHIP OF A HOME DUE TO FORECLOSURE, SHORT SALE, OR DEED-IN-LIEU OF FORECLOSURE AND HAVE NOT OWNED A HOME SINCE THAT LOSS, OR - I AM AN INDIVIDUAL WHO HAS AT ANY TIME BEEN PLACED IN FOSTER CARE. HOMEBUYERS MUST SIGN AN AFFIDAVIT OF COMPLIANCE TO ATTEST TO THE STATEMENTS ABOVE. SHARED EQUITY: VHFA REVIEWS EACH FILE WE RECEIVE WITH A REQUEST FOR THE SHARED EQUITY ASSISTANCE. WE REQUIRE THE PURCHASE AND SALE AGREEMENT REFERENCE THE HOUSING TRUST AND DETAILS OF THEIR SUPPORT, THE SIGNED HOUSING TRUST SHARED EQUITY AGREEMENT, AND A COPY OF THE CLOSING DISCLOSURE CONFIRMING THE HOUSING TRUST FUNDS WERE DISBURSED. MIHDP: THE MIHDP DEVELOPER GRANT IS IN THE FORM OF A VALUE GAP SUBSIDY. VALUE GAP IS THE DIFFERENCEBETWEEN THE COST TO CONSTRUCT A HOME AND THE MARKET VALUE OF THE HOME. THE VALUE GAP SUBSIDY IS INTENDED TO SPUR THE DEVELOPMENT OF MODEST HOMES THAT WOULD OTHERWISE NOT BE ECONOMICALLY VIABLE. WE CONFIRM THE VALUE GAP THROUGH APPRAISAL AND THROUGH A DEVELOPER COST-CERTIFICATION BEFORE WE REMIT THE DEVELOPER GRANT FUNDS. X X 0 0 0 0 0 0 0 0 0 MAURA COLLINS EXECUTIVE DIRECTOR 217826 0 0 0 90 0 16195 0 29300 0 263411 0 0 0 CHRIS FLANNERY CHIEF FINANCIAL OFFICER 165676 0 0 0 396 0 13808 0 13507 0 193387 0 0 0 GEORGE DEMAS GENERAL COUNSEL 157654 0 0 0 396 0 13055 0 5654 0 176759 0 0 0 DEBORAH FLANNERY MANAGING DIRECTOR OF COMMUNITY DEVEL 159357 0 0 0 249 0 10715 0 6116 0 176437 0 0 0 JACKLYN SANTERRE MANAGING DIRECTOR OF HOMEO 133046 0 0 0 1236 0 11202 0 24235 0 169719 0 0 0 A VERMONT HOUSING FINANCE AGENCY 030239902 924190GP0 2014-08-13 46954649 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 B VERMONT HOUSING FINANCE AGENCY 030239902 924190HV6 2015-04-28 34976213 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 C VERMONT HOUSING FINANCE AGENCY 030239902 924190HZ7 2015-09-16 26555915 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 D VERMONT HOUSING FINANCE AGENCY 030239902 924190KG5 2016-02-25 30358907 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 A 38025000 46954649 259073 485027 46469622 1 0 1 1 B 30215000 34976213 399954 410659 34165600 1 0 1 1 C 23225000 26555915 108683 347275 26099958 1 0 1 1 D 22455000 30358907 182440 380805 29795662 1 0 1 1 A 0 0 1 1 0 0 1 BAYERISCHE 1.100000000000 1 0 1 B 0 0 1 1 0 0 1 BAYERISCHE 1.200000000000 1 0 1 C 0 0 1 0 0 0 1 BAYERISCHE 0.800000000000 1 0 1 D 0 0 1 1 0 0 1 BAYERISCHE 1.000000000000 1 0 1 A 1 B 1 C 1 D 1 A VERMONT HOUSING FINANCE AGENCY 030239902 924190KZ3 2016-08-24 31096506 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 B VERMONT HOUSING FINANCE AGENCY 030239902 924190MD0 2017-04-12 27895230 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 C VERMONT HOUSING FINANCE AGENCY 030239902 924190NA5 2017-10-31 32340880 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 D VERMONT HOUSING FINANCE AGENCY 030239902 924190QC8 2018-06-20 35712239 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 A 22240000 31096506 138485 374571 30583450 1 0 1 1 B 18770000 27895230 181482 355034 27358715 1 0 1 1 C 27530000 32340880 386959 391863 31949017 1 0 1 1 D 28095000 35712239 129793 420286 35291953 1 0 1 1 A 0 0 1 1 0 0 1 NATIXIS 1.300000000000 1 0 1 B 0 0 1 1 0 0 1 BAYERISCHE 1.200000000000 1 0 1 C 0 0 1 1 0 0 1 BAYERISCHE 1.500000000000 1 0 1 D 0 0 1 1 0 0 1 SUMITOMO 1.300000000000 1 0 1 A 1 B 1 C 1 D 1 A VERMONT HOUSING FINANCE AGENCY 030239902 924190QT1 2018-11-08 37867375 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 B VERMONT HOUSING FINANCE AGENCY 030239902 924190SH5 2019-07-16 25082702 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 C VERMONT HOUSING FINANCE AGENCY 030239902 924190TR2 2020-03-26 25316295 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 D VERMONT HOUSING FINANCE AGENCY 030239902 924190UH2 2021-12-16 24103800 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 A 20850000 37867375 244094 466204 37157077 1 0 1 1 B 10165000 25082702 234003 24848699 0 0 1 1 C 8660000 25316295 325339 24990957 0 0 1 1 D 3030000 24103800 123388 314452 23665960 1 0 1 1 A 0 0 1 1 0 0 1 TORONTO-DOMINION 1.000000000000 1 0 1 B 0 0 1 1 1 1 BNY MELLON 24.300000000000 1 0 1 TORONTO-DOMINION 1.300000000000 1 0 1 C 0 0 1 1 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A VERMONT HOUSING FINANCE AGENCY 030239902 924190VN8 2022-08-18 23718080 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 B VERMONT HOUSING FINANCE AGENCY 030239902 924190WL1 2023-02-23 20602654 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 C VERMONT HOUSING FINANCE AGENCY 030239902 924190XMB 2023-07-27 20686014 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 D VERMONT HOUSING FINANCE AGENCY 030239902 924190YM7 2023-10-05 24069453 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 A 1715000 23718080 106052 324106 23300567 1 0 1 1 B 915000 20602654 257706 20344948 0 0 1 1 C 790000 20686014 257198 20428816 0 0 1 1 D 200000 24069453 330074 240421 23526108 0 0 1 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A VERMONT HOUSING FINANCE AGENCY 030239902 924190A68 2024-04-02 20000000 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 B VERMONT HOUSING FINANCE AGENCY 030239902 924190E49 2024-08-01 45728579 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 C VERMONT HOUSING FINANCE AGENCY 030239902 924194PK3 2012-12-20 21140748 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 D VERMONT HOUSING FINANCE AGENCY 030239902 924194QD8 2019-12-04 9270000 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 A 20000000 162569 19837431 0 0 1 1 B 45728579 614701 213579 39292481 5634447 0 0 0 1 C 18650000 21140748 329684 275748 20865000 1 0 1 1 D 9270000 560448 138796 8599851 1 1 1 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 0 1 1 0 0 1 BAYERISCHE & NATIXIS 2.700000000000 1 0 1 D 0 0 1 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A VERMONT HOUSING FINANCE AGENCY 030239902 924194RU9 2021-04-08 10490000 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 B VERMONT HOUSING FINANCE AGENCY 030239902 924194SX2 2022-01-12 12150000 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 C VERMONT HOUSING FINANCE AGENCY 030239902 924194MS9 2011-12-15 20555000 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 D VERMONT HOUSING FINANCE AGENCY 030239902 000000000 2021-03-01 1800000 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 A 755000 10490000 527011 9990000 0 0 1 1 B 910000 12150000 657889 181859 11347500 0 0 1 1 C 8095000 20555000 556354 55910 20105796 0 0 1 1 D 189501 1800000 1800000 1 0 1 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 0 1 1 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A VERMONT HOUSING FINANCE AGENCY 030239902 000000000 2021-11-01 6054163 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 B VERMONT HOUSING FINANCE AGENCY 030239902 000000000 2021-04-22 1755600 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 C VERMONT HOUSING FINANCE AGENCY 030239902 000000000 2021-06-29 900000 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 D VERMONT HOUSING FINANCE AGENCY 030239902 924190K91 2025-03-11 30634694 PURCHASE/MAKE MORTGAGE LOANS 0 1 0 A 557881 6054163 6054163 1 0 1 1 B 181656 1755600 1755600 0 1 1 1 C 89238 900000 900000 1 0 1 1 D 30634694 263294 19150387 11221013 0 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART III, LINE 1 THE AGENCY HAS ISSUED MORE THAN $4.0 BILLION IN BONDS AND NOTES TO FINANCE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES FOR LOW- AND MODERATE-INCOME VERMONTERS. OVER ITS MORE THAN 50-YEAR HISTORY, VHFA HAS PUT THAT MONEY TO USE HELPING APPROXIMATELY 31,000 VERMONT HOUSEHOLDS TO BUY A HOME AND FINANCING THE DEVELOPMENT OF APPROXIMATELY 9,600 AFFORDABLE RENTAL UNITS. LOANS PROVIDED TO HOME BUYERS AND DEVELOPERS TYPICALLY CARRY INTEREST RATES THAT ARE LOWER THAN THE RATES THAT WOULD BE CHARGED BY OTHER MORTGAGE FUNDERS. THIS LOWERS THE COST OF HOME OWNERSHIP AND OPERATING RENTAL PROPERTIES. THE FLEXIBILITY OF ITS FINANCING ENABLES VHFA TO COLLABORATE WITH COMMUNITY LAND TRUSTS ACROSS THE STATE ON MANY OF OUR LOANS TO LOW- AND MODERATE-INCOME HOME BUYERS. THIS PROMOTES LONG-TERM AFFORDABILITY OF A PORTION OF VERMONT'S HOUSING STOCK THROUGH LAND TRUST SHARED-EQUITY PROGRAMS. VHFA IS THE PRIMARY TOOL FOR FINANCING THE DEVELOPMENT OF MULTIFAMILY AFFORDABLE RENTAL HOUSING THROUGH THE LOW-INCOME HOUSING TAX CREDIT PROGRAM. VHFA HAS WORKED CLOSELY WITH A DIVERSE ARRAY OF AGENCY REPRESENTATIVES, ELECTED OFFICIALS, AND MEMBERS OF THE GENERAL PUBLIC. VHFA STAFF SERVE IN LEADERSHIP ROLES ON TEAMS WORKING TO ADDRESS HOMELESSNESS AND WHOSE MEMBERS SERVE LOW INCOME AND SPECIAL NEEDS VERMONT RENTERS. VHFA HAS SEVERAL STAFF FULLY DEDICATED TO HEIGHTENING GENERAL AWARENESS OF HOUSINGNEEDS FOR LOW- AND MODERATE-INCOME VERMONTERS, INCLUDING PREPARING HOUSING NEEDS ASSESSMENTS OF COUNTIES AND COMMUNITIES AND PROVIDING FREQUENT TESTIMONY BEFORE VERMONT LEGISLATIVE COMMITTEES. FORM 990, PART VI, SECTION A, LINE 2 CHRIS FLANNERY, CFO AND DEBORAH FLANNERY, MANAGING DIRECTOR OF COMMUNITY DEVELOPMENT ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 7A THE STATE OF VERMONT APPOINTS 5 BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT PROVIDE A COPY TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE CONFLICT OF INTEREST POLICY, STAFF ARE REQUIRED TO REPORT TO THEIR SUPERVISOR ANY POSSIBLE INSTANCES WHERE A CONFLICT MAY ARISE AND A DECISION IS MADE AS TO WHETHER A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S PERFORMANCE IS DISCUSSED ANNUALLY AT A BOARD OF DIRECTORS MEETING AND DISCUSSED WITH THE EXECUTIVE DIRECTOR. EACH YEAR AT BUDGET TIME THE HR BOARD COMMITTEE IS GIVEN A TOTAL COMPENSATION ANALYSIS. SOME YEARS A COMPARISON AMONG THE OTHER HOUSING AGENCIES IN THE STATE OCCURS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOUCMENTS ARE AVAILABLE TO THE GENERAL PUBLIC DURING NORMAL BUSINESS HOURS. STATE OF VERMONT 109 STATE STREET MONTPELIER VT 05609 036000264 GOVERNMENT VT LINE 6 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0