Vermont Housing & Conservation Board - Vermont Legislature

Housing Awards July 2011– December 2012Addison County Community TrustMountain View Apartments, Hancock.$140,000 VHCB award for acquisitionand moderate rehabilitation of five apartmentsin two buildings, one historic.$320,216 federal HOME Program award.Total development costs: $701,320.Organizational Development Grant.$41,584 award for fy12 organizationaldevelopment costs. $16,782 federal CHDOaward.Burlington Housing Authorityand Housing VermontBobbin Mill, Burlington. $956,250 VHCBaward to redevelop 51 apartments withrental assistance occupied by seniors,persons with disabilities and families.Rehabilitation to include a new naturalgas-fired heating system, additional insulation,new windows, energy star appliances,flooring, kitchen and bathroomcabinetry. BHA will construct a newstand-alone community center for socialservice programs and an onsite propertymanagement office. Total developmentcosts, housing: $12,728,111.Wharf Lane Commons, Burlington.$725,000 VHCB award for acquisitionand rehablitiation of 37 units of federallyassissted units of rental housing at risk ofconversion to market rate. $200,000 HUDSpecial Purpose Grant. Total developmentcosts: $8,655,835Thayer Senior Housing Phase II, Burlington.$610,000 VHCB award to developan additional 36 units of new construction,infill senior housing in the NewNorth End adjacent to Leddy Park. Partof a larger, intergenerational developmentwith family rental housing and marketrate housing.Organizational Development Grant.$41,594 award for fy12 organizationaldevelopment costs.Central Vermont Community Land TrustLimehurst Mobile Home Park, Williamstown.$200,000 VHCB award to makemajor capital improvements to the 33-lotmobile home park. Replacement of on-sitewater distribution system, improvementsto the wastewater and drainage systems,paving and regrading the roads and refinancing.VHCB funding provides a matchfor $356,000 in NeighborWorks financing.Total development costs: $556,185.Central Vermont Phoenix House, Barre.$170,000 VHCB award for acquisition andreconfiguration of an apartment buildingto 10 bedrooms with common areas for 19ex-offenders recovering from substanceabuse and a project manager. Managed byPhoenix House, a non-profit that operatesaddiction recovery programs nationwide.Fire safety upgrades, sprinkler system,new interior finishes, new heating system,and energy efficiency improvementsincluding solar hot water. VT Departmentof Corrections $259,000. Total developmentcosts: $1,074,500.Champlain Housing TrustSouth Meadow Condominiums, Burlington.$648,000 VHCB award to increasethe affordability of 24 condominiums in a148-unit condominium complex with 40affordable units. Total development costs:$6,432,000.Harrington Village, Shelburne. $500,000VHCB award for construction of 42affordable apartments in Shelburnevillage. $950,000 HOME Program award.Total development costs: $10,070,715Organizational Development Grant.$80,500 award for fy12 organizationaldevelopment costs. $16,782 federal CHDOaward.Housing Foundation, Inc.Abenaki Acres Apartments, Swanton.$300,000 VHCB award for rehabilitationof 12 units of family housing with rentalassistance. Originally developed by theAbenaki Self-Help organization. Renovationwork will include painting, energyefficiency and code updates as well asnew flooring, fixtures and cabinets andreplacement of siding and roofs. $409,500federal HOME Program award. Totaldevelopment costs: $2,746,131.Housing Trust of Rutland CountyBenson Heights Apartments, Benson.$375,000 VHCB award for acquisition andrehabilitation of a 15-unit senior housingcomplex with project based rental assistance.Rehabilitation to upgrade energyefficiency, new boilers & possibly a photovoltaicelectricity generating system, newroof and siding, new kitchens, baths,flooring, & appliances, new windows,upgrades of electrical and life safetyequipment, resurfacing of the courtyardand paving the parking areas, andupgrades to the community water system.$510,000 in HOME funds. Total developmentcosts: $2,402,950.Cathedral Square CorporationShelburne House, Shelburne. $175,000VHCB award for new construction of36 units of senior housing on a 22-acre Organizational Development Grant.site in the Designated Village Center of $39,187 award for fy12 organizationalShelburne. Conservation of 13.2 acres development costs. $16,782 federal CHDOwith frontage on the LaPlatte River to be award.donated to the Town of Shelburne. Partof a larger development including affordablehousing for families, creating a newneighborhood with a total of 83 homes.2 $590,000 HOME Program award. Totaldevelopment costs: $9,051,000.2