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.
VHFA's Sarah Carpenter, VHCB's Gus Seelig and CVCLT's Eileen Peltier made the announcement at a Montpelier press conference just before 1 o'clock this afternoon.