What is the maximum amount that can be applied for?

The program does not have a set maximum that can be applied for; however, applicants should keep in mind that the Territory receives an annual allocation of approximately $1.9 Million of which 20% (approximately $380,000) is used by VIHFA for the administration of the program leaving approximately $1.5 Million available to be awarded for projects. In addition, VI law requires that the project funds be divided equally between St. Thomas/St. John and St. Croix – which means that the total funds available for award in each district is generally $760,000.