Vermont Receives $2.6 million Grant from MacArthur Foundation
The MacArthur Foundation has awarded a $600,000 grant to the Vermont Housing and Conservation Board (VHCB) and a $2,000,000 loan to the Vermont Housing Finance Agency to maintain affordable rental housing for all Vermonters. The funding is part of an ongoing initiative to preserve thousands of affordable housing apartments across the state over the next decade.
The VHCB grant will support several programs that offer technical assistance and training workshops to nonprofit organizations dedicated to housing preservation. The funding also ensures that developers will utilize quality energy-efficient practices and capital needs assessments for the projects.
The program-related investment awarded to Vermont Housing Finance Agency will provide low-cost energy loans and offer more equity in loans to preservation projects.
To learn more about the project, visit The MacArthur Foundation.