Vermont's mobile home parks are an important source of affordable housing, providing leased lots for about seven thousand Vermont households, most of whom own their own homes. In many parks, residents can be at risk of displacement due to unaffordable lot rents or failed park infrastructure. VHCB has provided over $10 million in funding for the acquisition and improvement of parks by non-profit organizations and resident cooperatives, assisting 50 parks with about 1,900 lots through 2017. As a result of these investments, residents have more stable lot rents, a voice in management decisions, and reliable park infrastructure.
Purchase Subsidy Program
VHCB funds are awarded to assist low-income households to upgrade or replace deteriorated homes in VHCB-assisted mobile home parks, to provide down payment assistance and to prevent foreclosure. The program is administered by the Champlain Housing Trust Manufactured Housing Down Payment Loan Program (802 527-2361 x101).