Housing News

At a meeting on March 26, the Vermont Housing & Conservation Board awarded $846,500 in state funding and $2,588,327 in federal funds for projects in Windham, Windsor, and Lamoille Counties. The VHCB awards will help to create and rehabilitate 30 homes and apartments affordable to low- and moderate-income Vermonters and will conserve 270 acres of farmland.

Vermont has received more than $11 million in additional funding for affordable housing construction, under the American Rescue Plan Act, through the Department of Housing and Urban Development’s HOME Investment Partnerships Program (HOME).  HOME funds are used to construct rental housing for low- and very-low-income Vermonters, increasing affordability and improving housing security.  These new funds are targeted to people experiencing, or at risk of experiencing, homelessness. The COVID-19 pandemic has highlighted and exacerbated Vermont’s affordable housing crisis.

VHCB anticipates receiving $10 million to award competitively for capital expenses for the acquisition and rehabilitation of non-congregate housing for households experiencing homelessness. Letters of Intent to apply for these funds are due by noon, March 31, 2021.

In Vermont, there are only 49 affordable and available rental homes for every 100 extremely low-income households, with little income left over for other basic necessities. While this exceeds the national average and is a slight improvement from the previous year, the supply of affordable housing is only meeting less than half the need for extremely low-income renters. Because the market consistently fails to provide adequate, affordable housing for these renters, the government has an essential role to play to correct for this failure. The crisis created by COVID-19 has made it clearer than ever that stable, affordable housing for all is an imperative for public health and individual well-being. 

U.S. Sen. Bernie Sanders (I-Vt.) applauded the Federal Housing Finance Agency’s announcement that the National Housing Trust Fund will receive a record $711 million this year to build, preserve and rehabilitate affordable rental housing for extremely low-income families. This is more than double the funding allocated for the Trust Fund in 2020, which Sanders helped create. Vermont will receive a $3 million allocation from the trust fund, which will be disbursed later this year.

At meetings in December and January, the Vermont Housing & Conservation Board awarded $6,360,027 in State funding and $4,341,136 in federal funds to projects in 17 towns that preserve, rehabilitate and create 91 affordable homes, protect 2,412 acres of agricultural and recreational land, forestland, natural areas, and restore historic resources.

While there are significant challenges facing Vermont’s service delivery system for Vermont’s most vulnerable residents, there are also opportunities to realize savings through strategic statewide investment in community-based service delivery and housing retention services. This RFP is intended to identify a consultant who will translate the collective experience of housing and shelter providers into an actionable policy agenda.

In his Fiscal Year 2022 budget address delivered today, Governor Scott proposed a $20 million increase in funding to the Vermont Housing & Conservation Board. The funding would support the well-documented need to create more housing across the state and to accelerate Vermont’s economic recovery while also addressing community needs highlighted by the pandemic.

When the Vermont Legislature turned to the Vermont Housing & Conservation Board to manage $34.25 million in CARES Act funding appropriated in June and July, it came with a very short timeline: all the money had to be spent by the end of December. The federal funds, from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, were targeted to secure and rehabilitate permanent housing for homeless households and to make improvements to shelters in communities around the state.

At meetings in September and October, VHCB committed Cornoavirus Relief Funds to the Champlain Housing Trust to purchase the Ho Hum Motel in South Burlington for a COVID isolation site, to Lamoille Housing Partnership to purchase two modular homes to be placed at Evergreen Manor in Hardwick, and to ANEW to purchase the Champlain Inn in Burlington to establish a year-round, low-barrier shelter.

Organizations secure property with CARES Act funding to comply with CDC guidance to prevent spread of Covid-19

Affordable housing production picks up in 2019, but the need persists;
Coronavirus has an impact, and future housing development looks anemic.

On Friday, September 25, the Vergennes community celebrated the official grand opening of Vergennes Community Apartments with socially-distanced property tours and live music. The Addison County Community Trust (ACCT) and Evernorth partnered to develop this highly energy-efficient, multi-family apartment building located on Armory Lane in close proximity to downtown Vergennes. 

Learn about recent VHCB awards, new housing under construction statewide, recent conservation projects, COVID programs providing assistance for renters, homeowners, and landlords, updates from Viability, VHCB AmeriCorps, Healthy & Lead-Safe Homes, staff changes, and more...

More than 200 New Homes and Improvements to Shelters Statewide to Keep Vulnerable Vermonters Safe and Stably Housed
On August 6, the Vermont Housing & Conservation Board committed more than $30 million in federal funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act to secure and rehabilitate housing for homeless households in 18 communities around the state. New apartments and emergency beds will be created for 212 households statewide in areas of greatest need. Thirteen homeless shelters that together provide 251 beds will receive support for improvements that will reduce the risk of spreading coronavirus and enable compliance with current public health protocols.

State Joins with National Organization to Encourage Housing Access and Affordability

A new how-to manual, Enabling Better Places: A Zoning Guide for Vermont Neighborhoods, promotes practical, small steps that Vermont’s cities, towns, and villages can take to address widespread regulatory barriers that limit the choice of homes available to Vermont residents at prices people can afford. 

Brenda Torpy to Step Down as CEO at Champlain Housing Trust
Board announces leadership transition with Michael Monte taking over in January

Burlington, Vermont – The Champlain Housing Trust’s Board of Directors announced today that CEO Brenda Torpy will step down at the end of 2020 after leading the organization for nearly 30 years, and that current Chief Operating and Financial Officer Michael Monte will be hired as its next CEO beginning in January, 2021.

Renters, Landlords, and Homeowners experiencing hardships can apply for Coronavirus Relief funding under two programs:
Vermont COVID Emergency Mortgage Assistance Program, administered by VHFA, and the Rental Stabilization Assistance Program, administered by the Vermont State Housing Authority. Applications for both programs accepted on a rolling basis, beginning July 13, 2020.

The Vermont House today fast-tracked a $93 million Coronavirus Emergency Economic Recovery Grants package. The only remaining step is the Governor's signature to get this relief money in the hands of Vermonters and their businesses.

The bill includes $23 million to the Vermont Housing and Conservation Board for grants to nonprofit housing partners and service organizations as well as for shelter facilities necessary to provide self shelter and assistance for persons who are, or are at risk of, experiencing homelessness, in order to mitigate COVID-19 effects. 

The national trauma that is the murder of George Floyd at the knee of a police “training” officer has horrified us. In the weeks preceding this awful event we saw the murders of Ahmaud Arbery and Breonna Taylor. What is more troubling are the many, many incidents of racism that American society and culture has for generations too easily accepted, either without notice or without sufficient outrage to demand and result in change.

Corona Virus Update

In the face of the growing Corona Virus pandemic, and with the health and well-being of our staff and community our main concern, the VHCB office will be closed to the public, and staff will be working remotely until further notice.

The goal of the Point-in-Time (PIT) count is the have an annual “snapshot” of all the individuals and households in Vermont who are literally homeless (persons who are staying in shelters or places such as the streets, cars, and places not meant for human habitation) on one night in the community on a single night during January.

Following a conference hosted by the Vermont Housing & Conservation Board on October 10, awards were presented to several individuals and organizations during a reception at Barre’s Old Labor Hall,

At a meeting on May 10, the Vermont Housing & Conservation Board awarded $6,656,970 in VHCB funding, Housing Revenue Bond funds, and federal funds from the U.S. Department of Housing and Urban Development and the USDA Natural Resources Conservation Service for the construction or rehabilitation of 72 affordable homes and to conserve 5,650 acres of natural areas and public recreational lands and 617 acres of farmland.

At a meeting on March 15, the Vermont Housing & Conservation Board awarded $731,500 in VHCB funding, $127,500 in federal funds, and $1,130,000 in Housing Revenue Bond funds for the development of 24 new homes in St. Albans, pre-development work on a neighborhood revitalization project in Windsor, and a pilot program to support the development of accessory apartments in Burlington. Additionally, 250 acres of farmland will be conserved in Orange and Chittenden Counties, and 287 acres of forestland in Dummerston with public access for hunting and walking will be conserved.

At a meeting on January 22, the Vermont Housing & Conservation Board committed $5,129,478 for the construction of 126 new apartments in St. Albans and Burlington and the rehabilitation of 22 condominiums and older homes in Montpelier and in Windham and Windsor counties. The Board awarded $740,000 in state funds for these efforts, along with $3.5 million in Housing Revenue Bond funds and $1.58 million in federal funds for affordable housing from the National Housing Trust Fund and the U.S. Department of Housing and Urban Development’s HOME Program.

On Thursday, September 20, the Vermont Housing & Conservation Board awarded $5,838,948 in state and federal funds to create and preserve 146 affordable homes and to conserve 577 acres of forestland with provisions for public access and water quality protection.

VHCB Executive Director Gus Seelig said, “We are excited to support investment in nine towns that will result in new affordable housing options, increased recreational opportunities, improved water quality and support for agriculture. The projects funded this month are made possible by the Housing Revenue Bond and other public resources that leverage private investment in order to improve Vermont’s communities, our economy, and our quality of life.”

On Thursday, June 21, the Vermont Housing & Conservation Board awarded $6,594,615 for housing developments that will help to build or rehabilitate 59 affordable homes and conserve 1,050 acres of farmland and 146 acres of recreational and forest land.

At a meeting on March 15, the Vermont Housing & Conservation Board awarded $2,955,197 to create new homes in a downtown Bennington development, to conserve 440 acres of farmland in Rutland and Orleans Counties, and to protect public access to water in Calais, Burlington and Bolton.

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.”

The Vermont Housing & Conservation Board will use $35 million in new funding for the creation of rental housing and home ownership opportunities for 550-650 low- and moderate-income Vermonters over the next two to three years. The bold, new initiative represents the largest state investment in housing in more than a decade.  It was first proposed by Governor Phil Scott in his January budget address, gained strong support in the legislature, and was signed into law today.