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2011 Annual Report to the General Assembly - Vermont Housing ...

2011 Annual Report to the General Assembly - Vermont Housing ...

Housing

Housing Awards July 2010– December 2011 Housing Foundation, Inc. Depot Street Apartments, Bethel. $107,820 VHCB award to rehabilitate two buildings with 6 family rental and senior apartments, all with HUD rental assistance, located in the center of the village. Rehab to include new siding, insulation, interior renovations, new roofs, a new boiler and heating system, and rebuilding the entries and stairs. Extensive site work to address moisture problems: a new retaining wall, grading of the site, repair walkways. New water service, cutting back trees. $462,230 HOME Program award. $58,481 ARRA State Energy Program funding. Total development costs: $1,997,517 4 Newport Family Housing In downtown Newport, the Gilman Housing Trust and Housing Vermont are redeveloping five buildings with 21 new and existing units. The partners will construct 14 new apartments in two new buildings, rehabilitate seven apartments in three existing buildings, and demolish five substandard buildings. This smart growth project will increase the density on Newportís Main Street, providing a positive boost to the vitality of the downtown area. VHCB provided funding for the acquisition and rehabilitation, plus federal HOME funds to increase affordability. Energy efficiency improvements will help the buildings remain sustainable into the future. photo: Gilman Housing Trust St. Johnsbury Housing, St. Johnsbury. $450,000 HOME Program award for rehabilitation of 24 rental apartments. USDA Rural Development rental assistance. Hotel and Kidder, Derby. $174,423 VHCB award to make energy efficiency and other improvements to two, adjacent, historic apartment buildings with 14 existing apartments in the center of Derby Village. Lead paint hazard reduction; new solar hot water system. $318,557 HOME program award. Total development costs: $897,706 Newport Family Housing. $135,847 VHCB award for costs related to redeveloping 21 new and existing units of multifamily rental housing on 3 contiguous properties in the designated downtown area to create a more efficient and attractive site plan. $279,539 HOME Program award. $87,500 federal NSP funds. Total development costs: $6,100,000 Organizational Development Grant. $31,800 award for organizational development costs. $20,373 federal CHDO award. Total organizational budget: $2,502,665 River Bend Senior Housing, Enosburg. $402,165 VHCB award and $395,000 federal HOME funds for purchase and renovation of 30 apartments with rental assistance for elderly residents. The work includes installation of a solar hot water system. Total development costs: $3,679,915 Housing Trust of Rutland County Green Village Apartments, Brandon. $250,000 VHCB award for development of 27 apartments. $550,000 HOME Program award. Total development costs: $4,993,500 Organizational Development Grant. $33,300 award for organizational development costs. $20,373 federal CHDO award. Total organizational budget: $700,168 Housing Vermont and Springfield Housing Authority Ellis Block, Springfield. $411,000 from 2 federal NSP awards for development of 9 affordable, downtown apartments above a movie theater that was damaged in a fire. Total development costs: $3,446,497 John Graham Shelter Mountain Street Transitional Housing, Bristol. $88,000 award for the purchase and redevelopment of a building to provide 5 units of transitional housing for

Housing Awards July 2010–December 2011 homeless households. Case management services are provided to assist residents to develop and achieve individualized work plans. Total development cost: $296,000 John Graham Shelter, Vergennes. $197,000 VHCB award for rehabilitation of homeless shelter providing food, housing and case management services. Reconfiguration to create 3 new shared rooms on the 1 st floor (2 wheelchair accessible) for a total of 10 beds overall. New sprinkler system, boiler and water heater, upgrades to plumbing and electrical systems. New siding, roof and south porch, foundation repairs and energy improvements. Total development costs: $599,000 Lamoille Housing Partnership Morrisville Scattered Site, Morristown. $148,500 VHCB award for rehabilitation of 16 apartments in the village. $142,000 HUD Special Purpose Grant. $49,513 ARRA State Energy Program funds. Total development costs: $3,078,784 Organizational Development Grant. $33,300 award for organizational development costs. $20,373 federal CHDO award. Total organizational budget: $283,142. Peacham Community Housing and Housing Vermont Peacham Academy Housing, Peacham. $150,000 VHCB award to rehabilitate 6 rental units located in a former school building in the village. New high efficiency boiler, refinance and energy efficiency. Roof replacement, major maintenance of the septic system, new kitchen and bath fixtures and appliances. Total development cost: $319,106 Regional Affordable Housing Corp. Roaring Branch and North Branch Apartments, Bennington. $311,536 VHCB award to develop 14 new units and rehabilitate and reconfigure 12 existing units owned by RAHC. Construction of 7 energy efficient duplexes on North Branch Street. Existing units to be weatherized and insulated, with new interior finishes. $438,464 HOME Program award. $200,000 HUD EDI award. Total development costs: $6,473,000 Organizational Development Grant. $33,300 award for organizational development costs. $20,373 federal CHDO award. Total organizational budget: $336,440 Richford Renaissance and Housing Vermont Missisquoi Manor, Richford Village. An award of $195,000 federal HOME funds and $34,250 ARRA State Energy Program funding for acquisition, rehabilitation and energy retrofit of 24 apartments for elderly residents with rental assistance located a few blocks from Richford’s main street and downtown. Solar hot water. Total development cost: $1,715,737 Rockingham Area Community Land Trust Organizational Development Grant. $31,800 award for organizational development costs. $20,373 federal CHDO award. Total organizational budget: $785,000 Ellis Block, Springfield Following a fire in 2008, the Springfield Housing Authority and Housing Vermont restored the Ellis Block in Springfield. Located in the heart of the downtown area, the building has been redeveloped with nine one-bedroom apartments on the upper stories. VHCB provided federal Neighborhood Stabilization Program funds for the redevelopment. The Springfield Housing Authority is providing project based rental assistance for four apartments. During rehabilitation of the exterior, the Art Deco-style relief was discovered under a brick wall and restored. Housing Vermont photo 5

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