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RuralEdge, [1] formerly known as Gilman Housing Trust, is a non-profit housing and community-development corporation that focuses on affordability.The corporation has served the Northeast Kingdom for over 30 years with their main focus being to strengthen homes and communities in and around the Northeast Kingdom, in the northeast corner of the U.S. state of Vermont.
The state of Vermont is launching a program Friday, Nov. 1, to help Vermonters who lost their housing to recent flooding by selling them mobile homes at cost, if they meet income eligibility ...
The Vermont legislature established the agency in 1974. [1]By 2018, the VHFA had assisted approximately 29,000 people to purchase primary residences; and provided financing, development and management support, subsidy administration and tax credits for about 13,650 units of multifamily rental housing.
In 2009, the trust had $43 million in assets, nearly 1,500 apartments, 440 owner-occupied homes, and 15 commercial buildings. [4] As of 2018 the Champlain Housing Trust's assets were valued at $144 million, with more than 6,000 people sleeping in CHT properties every night.
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [33]
In 2003, Housing Vermont formed the Green Mountain Housing Equity Fund with a total investment of $14 million from nine investors. The Fund’s dollars were spread out over nine projects and it provided an internal rate of return of 7.75%. This allowed the agency to finance projects in which it was not the co-developer. [4]
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