Yesterday's announcement by the U.S. Department of the Treasury was covered by Vermont Public Radio (VPR).
VPR's Ross Sneyd spoke with VHFA Chief of Program Operations David Adams about the $1.4 million coming to Vermont from the American Recovery & Reinvestment Act to help fund Blake Commons, a 16-unit multifamily affordable housing project in Swanton.
The $1.4 million in American Recovery & Reinvestment Act funds awarded to Vermont today (Read our previous post about the award) will be used to finance Blake Commons, a 16-unit multifamily housing project in Swanton.
Blake Commons is being developed in partnership with Housing Vermont and Champlain Housing Trust. It'll provide homes to households at 50-60% of the area median income.
The site was previously a commercial meat-packing plant that was demolished, rezoned and permitted for residential housing units. It's an in-fill site adjacent to the town recreational fields and soon-to-be-developed Swanton Rail Trail, and is within walking distance to the elementary school.
The U.S. Department of the Treasury announced today another $1.4 million in federal funds are coming to Vermont for affordable housing.
This latest allocation of American Recovery and Reinvestment Act funds includes a total of $309 million distributed to seven states:
The funds are intended to jump start development or renovation of qualified affordable housing for families.
VHFA's Socially Responsible Committee has announced the next speaker in its Community Awareness Program (CAP) series.
Tracy MacLean from MOBIUS, the mentoring movement, will present to staff Sept. 24.
She'll talk about the MOBIUS mission to increase high-quality, adult-to-youth mentoring relationships in Chittenden County.
The Socially Responsible Committee is a group of VHFA staff members helping assure the Agency conducts its business in a socially responsible manner.
The CAP is a voluntary program that encourages VHFA staff members to gather on designated lunch hours to hear from a variety of presenters speaking on issues pertinent to our community.