General Introduction
Since 1987, VHCB has funded over 16,000 housing units across the state of Vermont. VHCB’s model of perpetual affordability is made possible by housing subsidy covenants and mortgage deeds on all properties that receive our investment. As part of our commitment to perpetual affordability, VHCB is active in the long-term stewardship of these properties to ensure they remain sustainable and affordable for the long-term. In addition to placing affordability restrictions on a project, they also give VHCB a voice in key decisions about the project that could impact residents or the properties finances, and bring VHCB to the table to support partners with questions about requirements or challenges around a project.
Monitoring
All housing projects funded by VHCB undergo post-construction project monitoring, usually one year after a project is completed and occupied. This initial monitoring helps to make sure that the project is meeting affordability requirements, that reporting requirements are being met, provides a space for feedback from partners to VHCB, and gives us an idea of how the project is operating and any potential challenges.
Compliance Resources
Have Questions?
Reach out to j.kuhlin [@] vhcb.org
