Housing News

June 28, 2018

On Thursday, June 21, the Vermont Housing & Conservation Board awarded $6,594,615 for housing developments that will help to build or rehabilitate 59 affordable homes and conserve 1,050 acres of farmland and 146 acres of recreational and forest land.

March 28, 2018

At a meeting on March 15, the Vermont Housing & Conservation Board awarded $2,955,197 to create new homes in a downtown Bennington development, to conserve 440 acres of farmland in Rutland and Orleans Counties, and to protect public access to water in Calais, Burlington and Bolton.

February 21, 2018

In January, the Vermont Housing & Conservation Board committed $9,359,800 for the construction and rehabilitation of 133 homes and for the conservation of 152 acres of land. The Board awarded $6,795,000 in Housing Revenue Bond funds, $1.45 million in federal HOME Program funding, $478,000 in federal farmland protection funds, and $636,500 in state funding to nine applicants.

VHCB Executive Director Gus Seelig said, “These funding awards will help address the very low vacancy rates in the housing market, providing new homes in downtown locations around the state. Two farmland conservation awards will keep farmland in aictive agricultural use and allow the farmers to expand their operations, while providing water quality protections in the easements.”

June 28, 2017

The Vermont Housing & Conservation Board will use $35 million in new funding for the creation of rental housing and home ownership opportunities for 550-650 low- and moderate-income Vermonters over the next two to three years. The bold, new initiative represents the largest state investment in housing in more than a decade.  It was first proposed by Governor Phil Scott in his January budget address, gained strong support in the legislature, and was signed into law today.