 |
Fiscal year 2007
-
The Agency provided $25.9
million in
a combination of predevelopment, construction, and/or permanent
financing to 29 projects.
-
Approximately $3.7
million in allocated
Housing Credits was awarded to 12
projects, generating
$33.6 million in tax credit
equity.
-
Additional tax credit equity estimated
at $5.0 million was generated
in conjunction with approximately
$514,000 in
private activity bond financing for
six projects.
-
VHFA also allocated $531,000 in
State Affordable Housing Credits to nine
projects generating approximately
$2.3
million in equity
investment.
-
The Agency faciliated the creation or rehabilitation of 754
units of affordable rental housing.
-
Affordable housing not only helps tenants
but the entire community benefits from the infusion
of capital
during
the development
process. The housing financed by VHFA this
fiscal year will create approximately $174
million in economic
activity
across the
state.
-
VHFA also provided a permanent
loan of $300,000 to Green
Mountain Habitat for Humanity to support their homeownership
construction program for low-income families.
- By providing Housing Credits to Vernon Senior Housing and West
River Independent Living this year, VHFA has become one
of the first states in the nation to facilitate combining
housing credits with HUD Section 202 program funding for the provision
of affordable
rental housing for seniors. In addition, VHFA's assistance to West
River Valley Assisted Living marks VHFA's first loan to a new facility
licensed as assisted living.
Project name
|
|
Town
|
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
Alburg Senior Housing
|
|
Alburg
|
|
13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Armory Square |
|
Windsor |
|
58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bemis Block† |
|
Hardwick |
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Canterbury North & South |
|
St. Johnsbury |
|
28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cherry, Summer & George |
|
Morrisville |
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Clarendon Mobile Home Park |
|
Clarendon |
|
25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conant Square† |
|
Brandon |
|
19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Downtown Crossing |
|
Bennington |
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Essex Senior Housing† |
|
Essex |
|
48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Esteyville Housing |
|
Brattleboro |
|
20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gable Apartments |
|
Burlington |
|
11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hardwick Family Housing |
|
Hardwick |
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Johnson Community Housing |
|
Johnson |
|
24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
King St. Hsg—Howard Bank Blk |
|
Burlington |
|
20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Linden Terrace† |
|
Rutland |
|
21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Main Street Senior Housing† |
|
Newport |
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maple Ridge Mobile Home Park |
|
Lyndonville |
|
40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middlebury South Village—Rental |
|
Middlebury |
|
30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proctorsville Green Hsg—Rental |
|
Proctorsville |
|
16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Putney Village Housing |
|
Putney |
|
35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sadawga Springs |
|
Whitingham |
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stonewall Farms/Bianchi Building |
|
Montpelier |
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sylvan Woods Housing |
|
Stowe |
|
28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Toutine Canal |
|
Guildford/Brattleboro |
|
21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vernon Senior Housing† |
|
Vernon |
|
24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Waits River Housing |
|
Bradford |
|
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
W. River Independent Living† |
|
Townshend |
|
24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
W. River Valley Assisted Living† |
|
Townshend |
|
28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wheeler Block |
|
Warren |
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Whitney Hill |
|
Williston |
|
44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Willard Mill |
|
St. Albans |
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
†Senior  Activity
in FY2007  Activity
in prior FY
|
|
|
