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NeighborWorks of Western Vermont to receive $2 million

Posted by: VHFA on July 1, 2009 - 9:47am

Our friends at NeighborWorks of Western Vermont will receive $2 million in federal economic stimulus funds to help first-time homebuyers.

The funding comes from the Community Development Financial Institutions Program, part of the recent American Recovery and Reinvestment Act.

The $2 million is part of $6 million being split among three Vermont non-profit organizations: NeighborWorks of Western Vermont, Vermont Community Loan Fund and Opportunities Credit Union.

The federal government is allocating $90 million to 59 organizations in 26 states.

Read more about the stimulus funds in today's Burlington Free Press.

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