This Housing Project was initiated in 1992 by the Central Vermont Community Land Trust. VCDP funds were used by the city to provide a deferred loan to the Land Trust for acquisition purposes. The city renovated 3 of the buildings, containing 23 units. A 4th building was demolished and a new 16 unit building was constructed at that site. The project relied heavily upon the Low Income Housing Tax Credit Program which was coordinated by Housing Vermont.
39 affordable housing units
Constructed 1 new building (16 units)
Created 7 accessible units
Creation of the North Branch Tenants Association
Raised approximately $1,200,000 in equity from low income housing tax credits