Vermont Housing & Conservation Board - Vermont Legislature

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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
Housing Awards July 2011–December 2012Green Village Apartments, Brandon.$250,000 VHCB award for a scatteredsiteproject with 27 family apartments.The proposed development includes thepurchase and rehabilitation of the fomeradministration building of the BrandonTraining School into 18 units of housingand rehabilitation of Erastus ThayerHouse, an existing, historic, 9-unitapartment building. $550,000 HOMEProgram award. Total development costs:$4,993,500Homeownership Portfolio Transfer.$10,000 VHCB award to assist with legalcosts associated with the transfer of stewardshipof their homeownership portfolioto Neighborworks of Western Vermont.Tuckerville Mobile Home Park, Ludlow.$220,000 VHCB award to purchase this22-lot mobile home park and make infrastructureimprovements to the waterdistribution system and pump house,roads and drainage system. Total developmentcosts: $1,011,872.Organizational Development Grant.$41,594 award for fy12 organizationaldevelopment costs. $16,782 federalCHDO award.Lamoille Housing PartnershipOrganizational Development Grant.$41,594 award for fy12 organizationaldevelopment costs. $16,782 federalCHDO award.Lamoille Housing Partnership andHousing VermontAruthur’s Main Street, Morrisville.$150,000 VHCB award for demolition,cleanup and gut rehab and reconfigurationof three vacant, historic buildingswith commercial space on the first floor,creating 18 apartments on the secondand third floors. Rehabilitation InvestmentTax Credits. Brownfield remediation.Energy efficiency upgrades andsolar domestic hot water system. $550,000HOME Program award. Total developmentcosts, housing: $4,648,090.Lamoille View, Morrisville. $490,000VHCB award for acquisition and rehabilitationof 25-unit apartment complexon Park Street housing seniors and peoplewith disabilities. 25 project-based Section8 rental assistance vouchers. Three-acresite with a historic 5-unit building withcommunity space and a 20-unit buildingwith a view of the Lamoille River valley.Within walking distance to downtownMorrisville. Rehab includes energy efficiencyupgrades, code updates, repavingthe parking lot, new roofs, new heatingsystems, window replacement and somerefurbishment, accessibility improvementsincluding an elevator, and interiorfinish upgrades. $350,000 HOMEProgram award. Total development costs:$3,032,008.Regional Affordable Housing Corp.Roaring Branch Apartments,Bennington. $311,536 VHCB award todevelop 14 new units and rehabilitate andreconfigure 12 existing units owned byRAHC. Construction of 7 energy efficientduplexes on North Branch Street.Existing units to be weatherized andinsulated, with new interior finishes.$438,464 HOME Program award.$200,000 HUD EDI award. Total developmentcosts: $6,473,000Organizational Development Grant.$41,594 award for fy12 organizationaldevelopment costs. $16,782 federal CHDOaward.Rural EdgeCaledonia Housing Partnership, St.Johnsbury. $169,794 VHCB award toprovide energy efficiency upgrades for ascattered site family rental housing projectwith 28 apartments in eight historicbuildings. Installation of central heatingsystems, basement insulation, structuraland drainage system improvements.VHCB award provides matching fundsfor commitments from Vermont FuelEfficiency Program and Neighborworks®.Total project costs: $636,122.Newport Family Housing. $135,847 VHCBaward for costs related to redeveloping7 existing units and construction of 14new units of multi-family rental housingon 3 contiguous properties in the designateddowntown area to create a moreefficient and attractive site plan. $279,539HOME Program award. $87,500 federalNSP funds. Total development costs:$6,100,000St. Johnsbury Housing, St. Johnsbury.$450,000 HOME Program award for rehabilitationof 24 rental apartments. USDARural Development rental assistance.Total development costs: $7,753,790.Organizational Development Grant.$39,187 award for fy12 organizationaldevelopment costs. $16,782 federal CHDOaward.3
Page 1 and 2: h5 t2012 Annual Report to the Gener
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Page 5 and 6: HOUSING PROGRAMSOver 25 years, vhcb
Page 7 and 8: CONSERVATION PROGRAMSThe cumulative
Page 9 and 10: Vermont FarmViability ProgramThe mi
Page 11 and 12: Vhcb healthy homeshealthy homesWe a
Page 13 and 14: Revenues$27,847,332Other Income1%Fe
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Vermont Housing & Conservation Board - Vermont Legislature

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