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The Champlain Housing Trust is a membership-based nonprofit, non governmental organization which creates and preserves affordable housing in northwest Vermont. [1] As of 2019 the Champlain Housing Trust is the largest Community Land Trust in the United States.
The Vermont legislature established the agency in 1974. [1]By 2018, the VHFA had assisted approximately 29,000 people to purchase primary residences; and provided financing, development and management support, subsidy administration and tax credits for about 13,650 units of multifamily rental housing.
Housing Vermont is a not-for-profit syndication and development company founded in 1988. It creates rental housing intended to be permanent and affordable for Vermonters through partnerships with local organizations, public agencies and the private sector. It has produced more than 4,000 apartments in 131 different developments. [1]
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
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Northeast Kingdom Community Action (NEKCA) is an anti-poverty community action agency that helps people in Vermont's Northeast Kingdom meet their basic needs and become self-sufficient. The agency is a partner of the Vermont Department for Children and Families [6] and is primarily funded by federal and state government resources. [7]
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