TWO NEW COMMISSIONERS JOIN VHFA BOARD

BURLINGTON, VT  Gov. Jim Douglas has appointed Bartlett H. “Bart” Frisbie of Colchester and Robert H. Alberts of Bridport to the VHFA Board of Commissioners. Frisbie and Alberts fill the two vacancies created when the Agency’s Board was expanded from seven members to nine, following the Legislature’s passage of H.521, which Gov. Douglas signed into law on June 23, 2005. “We believe a larger Board will benefit VHFA by providing an even broader range of experience and expertise,” says Executive Director Sarah Carpenter. “We’re all looking forward to the energy and fresh perspectives Bart and Rob will bring.” Frisbie owns Sterling Construction Inc. in South Burlington, a construction firm developing neighborhoods and building residential housing throughout Chittenden County. He’s served on the Board of Directors of the Home Builders and Remodelers Association of Northern Vermont for the past 26 years, including terms as Secretary, Vice President and President. In addition, Frisbie is a member of Master Builders, a trade group of builders from across the country. He has also served with the Colchester Community Development Corp. Alberts is President of Eastview at Middlebury Inc., a planned multi-level, nonprofit retirement community in Middlebury, and owner of Middlebury Fitness, a full-service fitness and wellness center. He is also a partner in Community Investment Counselors, a Middlebury investment firm specializing in fee-based asset allocation investment programs. Alberts serves on the Board of Directors of the United Way of Addison County and the Middlebury Business Association. VHFA’s Board of Commissioners governs the Agency. The Board includes four ex-officio members and five members appointed by the Governor of Vermont, representing private and public lending, real estate, and housing development interests. The Vermont Legislature established VHFA in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped almost 25,000 households with affordable mortgages and nearly 7,000 families into affordable rental units.

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