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| DUAL GOALS
Since 1987, VHCB has funded a number of dual goal projects--housing developed in an historic building, for instance, or housing clustered on a site with conserved open space.
Hawaii and Connecticut have each passed laws establishing a revenue source (Hawaii: property transfer tax; Connecticut: recording fees) to fund both housing and conservation (Connecticut's Act also funds historic preservation). Nationally, a number of collaborations, coalitions and dual goal projects are in the works. Projects that bring housing trusts and land trusts together can result in the integration of sometimes divergent interests and create new ways of thinking about the needs of communities. Smart Growth discussions and collaborations underway throughout the country can result in working relationships among community developers, affordable housing developers, conservationists and historic preservationists. Let us know of any such initiatives in your area that can be added to this page.
VHCB-Funded Dual Goal Projects, 1987-2007
Several of these projects are the result of cooperation among local nonprofit organizations--often a housing group working with a conservation group to realize the full potential of a given site. Since VHCB has staff with both housing and conservation specialization, at times we are able to facilitate these alliances, which may result in increased community support and local fundraising. The application for VHCB funding asks conservation applicants to describe what has been done for affordable housing in the town where a project is proposed; housing applicants are asked to describe conservation efforts.
Brassknocker Farm, Craftsbury
In 1988, the Vermont Land Trust purchased, conserved, and then resold the 772-acre Brassnocker Farm subject to conservation restrictions, reserving three acres for possible future housing development. VLT later donated the reserved acreage to Craftsbury Community Care, Inc. for the construction of a 14-unit community care home, which allows aging citizens a local, and affordable, housing placement with options for care and social services.
When a member donated a single family home to the Vermont Land Trust (a nonprofit conservation organization), VLT bargain sold the house and two acres to a local non-profit housing organization, the Windham-Windsor Housing Trust (W-WHT). Using funds from VHCB's HOMELAND program, W-WHT helped a local family with downpayment and closing costs and subsidized the purchase price of the home. Under the HOMELAND Program, the home will be subject to a limited appreciation formula, to guarantee that the investment of state funds is recycled to the next income-eligible buyer.
Habitat for Humanity, Monkton
Dalton Drive, Essex and Colchester
The Capital City Housing Foundation acquired and rehabilitated Heaton House, the original city hospital, and converted it to a 26-unit assisted living facility. An 11-acre tract of woodland adjacent to the building was conserved at the same time.
Mississippi - The Federation of Southern Cooperatives
Land Assistance Fund
This organization, based in Mississippi and also working in Alabama, strives toward the development of self-supporting communities with programs that increase income and enhance other opportunities. Their mission is to assist in land retention and development, especially for African Americans, but essentially for all family farmers.
State Land and Community Heritage Investment Program