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Shelburnewood receives preliminary approval

The Shelburne Development Review Board has granted preliminary approval to Shelburnewood.

That proposed housing project, which we told you about earlier this week, would replace the Shelburnewood Mobile Home Park with a mix of affordable, work-place and market-rate housing.

The Board's 6-1 vote means project planners can move ahead to more detailed plans.

If the project is realized, it'll eventually include 270 units on 27 acres, built over the course of 10 years. Half of those units would house the elderly.

Thayer School building to become housing

thayer school buildingThe former S.W. Thayer School on North Avenue in Burlington will be redeveloped to include affordable housing.

Cathedral Square Corp. (CSC) purchased the property from the State of Vermont yesterday. CSC will redevelop it in conjunction with Champlain Housing Trust and EF Farrell.

Vermont Rural Ventures award in Brattleboro Reformer

Vermont Rural Ventures’ $30 million award of federal stimulus money was covered in this morning’s Brattleboro Reformer.

You can read the article online.

Vermont Rural Ventures award in Free Press

Vermont Rural Ventures' $30 million award of federal stimulus money was covered in this morning's Burlington Free Press.

You can read the article online.

Vermont Rural Ventures to receive $30 million

Vermont Rural Ventures (VRV) will receive $30 million to develop affordable housing and help stimulate economic growth in Vermont.

The funds, in the form of New Market Tax Credits (NMTC), result from the recently-passed American Recovery and Reinvestment Act (ARRA).

VRV estimates it'll fund six to 12 housing and economic development projects in Vermont as a result of the tax credits.

Seeking public comment: TCAP priorities

VHFA is seeking comments on its competitive priorities for the new Tax Credit Assistance Program (TCAP).

TCAP is part of the American Recovery and Reinvestment Act (ARRA), signed into law by President Obama on Feb. 17.

The act includes a number of enhancements to the Low Income Housing Tax Credit program for fiscal years 2007-09, including TCAP and the Credit Exchange Program, also known as Monetized Credit.

Vt. Green Home Alliance launches

A group of statewide housing organizations, including VHFA, have formed the Vermont Green Home Alliance.

The alliance, announced at a press conference at the Champlain Valley Expo this afternoon, promotes and encourages "green" building practices in Vermont.

“VHFA's been a strong supporter of energy efficiency and green building design techniques for many years," said VHFA Chief of Program Operations David Adams.

Learn about Eastview at Middlebury

eastview propertiesEastview at Middlebury, a new non-profit retirement community planned for Addison County, is holding two informational meetings this spring.

Vermont to receive $2.6 million for affordable housing

Representatives from Vermont Housing Finance Agency (VHFA), Vermont Housing & Conservation Board (VHCB) and Central Vermont Community Land Trust (CVCLT) announced Vermont will receive $2.6 million from the MacArthur Foundation.

The foundation's investment — a $600,000 grant to VHCB and a $2 million loan to VHFA — recognizes Vermont’s longstanding commitment to the preservation of rental housing.

Used in conjunction with other investments, the funding will preserve thousands of affordable apartments in Vermont over the next decade.

CBJ focuses on development, housing

The February issue of the Champlain Business Journal features a number of articles about development and housing in Vermont.

Topics cover green construction, the Vermont Neighborhoods Program, condominiums and other multi-unit buildings in Vermont, Act 250 and smart growth.


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