Vermont Housing Conservation Board 2005 - Vermont Housing and ...
Vermont Housing Conservation Board 2005 - Vermont Housing and ...
Vermont Housing Conservation Board 2005 - Vermont Housing and ...
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<strong>Housing</strong> Awards July 2004 –June <strong>2005</strong><br />
Burlington Community L<strong>and</strong> Trust<br />
Organizational Development Grant. 48,000<br />
for organizational development costs. 19,160<br />
HOME Program award. Total organizational<br />
budget: 1,913,104.<br />
Cathedral Square Corporation<br />
Farrell Street Senior <strong>Housing</strong> <strong>and</strong> Services,<br />
South Burlington. 450,000 award for<br />
construction <strong>and</strong> related expenses for 30<br />
affordable units in a 63 unit multi-family<br />
senior rental with supportive services <strong>and</strong><br />
first-floor commercial space, Adult Day<br />
Center <strong>and</strong> Senior Service Center. 269,000<br />
HOME Program award Total project cost:<br />
9,004,900 housing portion.<br />
Organizational Development Grant. 40,000<br />
for organizational development costs. Total<br />
organizational budget: 928,790.<br />
Central <strong>Vermont</strong> Community L<strong>and</strong> Trust<br />
Evergreen Place, Waitsfield. 276,000 award<br />
for acquisition, construction <strong>and</strong> related<br />
expenses for the conversion from shared<br />
housing to 18 affordable independent rental<br />
apartments for the elderly. 263,000 HOME<br />
Program award. Total redevelopment cost:<br />
2,632,750.<br />
River Station Condominiums, Montpelier.<br />
150,000 for construction <strong>and</strong> related<br />
expenses to convert an old granite shed<br />
complex close to downtown Montpelier into<br />
8 affordable units <strong>and</strong> 12 market rate units.<br />
Total project cost: 2,658,726.<br />
Organizational Development Grant. 40,000<br />
for organizational development costs. 19,160<br />
HOME Program award. Total organizational<br />
budget: 923,511.<br />
Gilman <strong>Housing</strong> Trust<br />
Elm Street Transitional <strong>Housing</strong>, St. Johnsbury.<br />
25,000 additional award for a sprinkler<br />
system for 5 transitional housing units<br />
for young women, as well as one resident<br />
manager’s apartment. Total project cost:<br />
180,000.<br />
Lyndon Barns <strong>and</strong> the Kulp House, Lyndon.<br />
75,000 additional award for rehabilitation<br />
<strong>and</strong> related expenses to create 3 additional<br />
rental units in two empty barns on Main<br />
Street. 126,218 HOME Program award..<br />
Total project cost: 307,018<br />
Northern Green Homes, Jay. 100,000 award<br />
for the construction of 4 single family homes<br />
<strong>and</strong> related expenses on l<strong>and</strong> donated by<br />
the <strong>Vermont</strong> L<strong>and</strong> Trust. Total project cost:<br />
567,000.<br />
Organizational Development Grant. 40,000<br />
for organizational development costs. 19,160<br />
HOME Program award. Total organizational<br />
budget: 1,900,452.<br />
HallKeen Real Estate Investment<br />
Winooski Falls Riverfront Downtown Project,<br />
Winooski. 1,500,000 HOME program<br />
award to be disbursed over a four-year<br />
period for the construction <strong>and</strong> related<br />
expenses of 118 affordable units in a 228-<br />
unit development in the Central Block of<br />
the downtown Winooski redevelopement<br />
project. Total project costs: 49,255,811.<br />
<strong>Housing</strong> Foundation, Inc.<br />
School Street Apartments, Plainfield.<br />
320,000 award for the redevelopment of 8<br />
senior <strong>and</strong> 5 family rental units in the village<br />
center. 190,000 HOME Program award.<br />
Total project cost: 1,092,000.<br />
Laurendon Apartments, Greensboro.<br />
190,000 award for acquisition <strong>and</strong> rehabilitation<br />
of a 10-unit senior rental housing development<br />
near the village center. Walking<br />
distance to services <strong>and</strong> public access area<br />
for Caspian Lake. 120,000 HOME Program<br />
award. Total project cost: 934,000.<br />
<strong>Housing</strong> <strong>Vermont</strong><br />
East Dorset <strong>Housing</strong>, Dorset. 300,000<br />
award for acquisition, construction <strong>and</strong><br />
related expenses of 16 affordable units in a 20-<br />
unit multi-family rental development with 4<br />
homeownership units. 350,000 HOME Program<br />
award. Total project cost: 4,221,985.<br />
43<br />
In Montpelier the Central<br />
<strong>Vermont</strong> Community L<strong>and</strong><br />
Trust is creating 29 affordable<br />
apartments in a 36-unit multifamily<br />
rental development, River<br />
Station Apartments. When the<br />
apartments are complete, CVCLT<br />
will commence construction<br />
of a 20-unit condominium<br />
development on an adjacent lot.
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