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 />
44<br />
Morningside House<br />
Morningside Emergency Shelter, Brattleboro.<br />
25,000 Transitional <strong>Housing</strong> award<br />
for renovations to add one furnished transitional<br />
unit, consolidate office space, <strong>and</strong><br />
add a community room <strong>and</strong> a play room for<br />
children residing in the shelter. Total project<br />
cost: 115,125.<br />
Lake Champlain <strong>Housing</strong><br />
Development Corporation<br />
Organizational Development Grant. 40,000<br />
for organizational development costs. Total<br />
organizational budget: 1,506,806.<br />
Lamoille <strong>Housing</strong> Partnership<br />
Organizational Development Grant. 53,000<br />
for organizational development costs. 25,606<br />
HOME Program award. Total organizational<br />
budget: 281,725.<br />
Regional Affordable <strong>Housing</strong> Corporation<br />
Organizational Development Grant. 53,000<br />
for organizational development costs. 25,606<br />
HOME Program award. Total organizational<br />
budget: 382,467.<br />
Rockingham Area Community L<strong>and</strong> Trust<br />
Gageville Affordable <strong>Housing</strong>, Gageville.<br />
Additional 75,000 HOME Program award<br />
for further rehabilitation of 4 rental units in<br />
former school building.<br />
Southview <strong>Housing</strong>, Springfield. 675,000<br />
award for rehabilitation <strong>and</strong> energy efficiency<br />
improvements for 69-unit family rental<br />
development consisting of 18 buildings on<br />
14 acres. Total project cost: 5,645,600.<br />
Windsor <strong>Housing</strong>, Windsor. 33,000 project<br />
related capacity award to determine the<br />
feasibility of a multi-goal downtown re-development<br />
project in the center of Windsor<br />
consisting of four parcels. Total project cost:<br />
73,000.<br />
Organizational Development Grant. 53,000<br />
for organizational development costs. 25,606<br />
HOME Program award. Total organizational<br />
budget: 640,581.<br />
Rutl<strong>and</strong> County Community L<strong>and</strong> Trust<br />
Organizational Development Grant. 40,000<br />
for organizational development costs. 19,160.<br />
HOME Program award. Total organizational<br />
budget: 529,671.<br />
Twin Pines <strong>Housing</strong> Trust<br />
Organizational Development Grant. 40,000<br />
for organizational development costs. 19,160<br />
HOME Program award. Total organizational<br />
budget: 1,090,089.<br />
Valley Cares, Inc.<br />
West River Valley Elderly <strong>Housing</strong>, Townshend.<br />
510,000 award for acquisition,<br />
construction <strong>and</strong> related expenses for 34<br />
affordable units in a 52 unit development<br />
consisting of independent <strong>and</strong> assisted living<br />
apartments as well as an Adult Day Care<br />
Center. 315,000 HOME Program award.<br />
Total project cost: 8,337,752 including Adult<br />
Day Care Center.<br />
Heineberg <strong>Housing</strong>, Burlington. First<br />
funded by the <strong>Board</strong> in 1988, this<br />
year the property was purchased by<br />
Cathedral Square Corporation.<br />
STATEWIDE<br />
<strong>Vermont</strong> Center for Independent Living<br />
Home Access Program, Statewide. 400,000<br />
award for program providing accessibility<br />
modifications in homes <strong>and</strong> apartments<br />
statewide. 20,000 HOME Program award.<br />
Total project costs: 642,500.<br />
<strong>Vermont</strong> Community Loan Fund<br />
Organizational Development Grant. 28,000<br />
for organizational development costs. Total<br />
organizational budget: 2,396,020.<br />
Feasibility Fund Recapitalization<br />
250,000 recapitalization fund that supports<br />
feasibility analysis for individual projects.<br />
Awards are made for appraisals, engineering<br />
<strong>and</strong> environmental studies, options,<br />
preliminary architectural <strong>and</strong> title work <strong>and</strong><br />
marketing analysis.<br />
Habitat for Humanity/Vocational Education<br />
Program<br />
180,000 recapitalization of fund for l<strong>and</strong><br />
acquisition <strong>and</strong> construction costs of 8<br />
homes to be built by Habitat for Humanity<br />
<strong>and</strong> Vocational Education Programs.<br />
HOMELAND Program<br />
875,000 recapitalization of program to<br />
provide purchase subsidies, downpayment<br />
<strong>and</strong> closing cost assistance <strong>and</strong> rehabilitation<br />
loans to 32 home buyers purchasing<br />
homes through community-based housing<br />
organizations. 59,072 in American Dream<br />
Downpayment Initiative HOME program<br />
funds.<br />
AMERICAN DREAM<br />
DOWNPAYMENT INITIATIVE<br />
124,000 award to 7 housing organizations<br />
in HOME program funds to assist incomeeligible<br />
first-time homebuyers with down<br />
payment <strong>and</strong> closing costs.<br />
Single Family Assistance Program<br />
25,000 recapitalization of loan fund available<br />
to purchasers of VHCB-restricted<br />
homes for closing costs that must be<br />
matched by the borrower’s own cash investment<br />
in the purchase.
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