Thank you for your interest in the Supplement for the following issue:

Vermont Housing Finance Agency
$23,075,000 Student Housing Facilities Revenue Bonds, Series 2004A
$530,000 Taxable Student Housing Facilities Revenue Bonds, Series 2004B
(West Block University of Vermont Apartments Project)



Disclaimer

Attached hereto is a copy of Supplement No. 1 (the “Supplement”), dated February 16, 2010 to the Official Statement dated July 26, 2004 (the “Official Statement”), relating to the above-referenced bonds (the “Bonds”).

The Supplement and the information contained therein is subject to amendment or other change without any notice.

By double clicking on the hyperlink at the bottom of this page and accessing the Supplement that is attached hereto, you will be deemed to have accepted the terms of this Disclaimer and to have consented to the electronic transmission of the Supplement.

Access to the electronic version of the Supplement will continue to be provided on behalf of the Vermont Housing Finance Agency (the “Agency”) by means of the hyperlink at the bottom of this page. The hyperlink at the bottom of this page, a service procured by the Agency from McElwee & Quinn, is the sole means by which the Agency has provided access to the electronic version of the Supplement.

Please call McElwee & Quinn, and ask for Jim Quinn at telephone number 856-384-1947, if you need assistance accessing the Supplement attached hereto.


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