In January, the Vermont Housing & Conservation Board committed $9,359,800 for the construction and rehabilitation of 133 homes and for the conservation of 152 acres of land. The Board awarded $6,795,000 in Housing Revenue Bond funds, $1.45 million in federal HOME Program funding, $478,000 in federal farmland protection funds, and $636,500 in state funding to nine applicants.
VHCB Executive Director Gus Seelig said, “These funding awards will help address the very low vacancy rates in the housing market, providing new homes in downtown locations around the state. Two farmland conservation awards will keep farmland in aictive agricultural use and allow the farmers to expand their operations, while providing water quality protections in the easements.”