Senior Investment Officer
Beth Boutin serves the VRV team as Senior Investment Officer. She is responsible for developing and managing a pipeline of NMTC opportunities and for program outreach. She also manages transaction attorneys, investors, lenders, accountants and other outside consultants, and oversees documentation, underwriting, closing, compliance and reporting for each VRV NMTC transaction.
Joining VRV in 2012 as Senior Investment Officer, Beth’s career in the economic and community development field spans 15 years, first as a loan officer and credit analyst at Evergreen Community Development Association in Seattle, Washington, then when she returned to Vermont a lender, development officer, and grant fund administrator at the Vermont Community Loan Fund. Prior to joining VRV in 2012 she was a Community Development Specialist for the State of Vermont’s Community Development Block Grant Program where she provided community outreach and reviewed grant applications, analyzed business plans and financial statements. She serves on or has served the Northeast Sustainable Agriculture Research and Education Program Technical Committee, Community Capital of Vermont Board and loan review committee, and the City of Montpelier, Vermont’s Business Loan and Community Fund committees. Beth has a BS in Geography from the University of Vermont.
Nancy Owens led the development of Vermont Rural Ventures’ (VRV) New Markets Tax Credit (NMTC) program through its formation in 2008 and has actively participated in all of the VRV closed transactions to date. Nancy has the primary responsibility of overseeing the deployment of VRV’s NMTC resources. Additionally, Nancy collaborated as a NMTC borrower on two transactions prior to VRV’s NMTC allocation.
Nancy began her career at Housing Vermont in 1999 with responsibility for developing affordable housing and became President in 2008. She oversees a staff of 22 and a portfolio of over 160 properties, maintaining relationships with investors, lenders, and community partners. She has been directly responsible for all phases of development of a wide range of affordable housing and community development projects responding to local needs throughout the state. Nancy’s career in the community development and affordable housing field spans 20-years, first as a developer in Seattle, Washington, creating housing for the homeless, then as the Director of Development at Cathedral Square Corporation in Burlington, Vermont, developing housing for seniors and people with disabilities. She holds a BS degree in Environmental Studies from the University of Vermont.
Janet Spitler, former executive vice president at Merchants Bank, joined Vermont Rural Ventures as Treasurer and CFO in September. Janet is very familiar with the work of Vermont Rural Ventures having served on its Governing Board of Directors for several years. She also served on the Housing Vermont Board for ten years, including two years as chair. Janet also was a member of Housing Vermont’s audit committee and represented the Merchants Bank on the Green Mountain Housing Equity Fund investment committee.