WCVB Channel 5 Boston’s Chronicle show featured the Brooks House in “Main Streets and Back Roads: Brattleboro, Vermont”. The TV show segment highlighted the community-wide effort to rebuild this historic site in the center of town.
Vermont Rural Ventures provided New Markets Tax Credits financing to acquire a fully equipped, USDA-licensed meat slaughter, meat and seafood processing, and cold storage facility, for occupancy by Black River Produce and Vermont Packinghouse Black River Produce, a 150-employee and 36 year-old Springfield company, distributes fresh produce and meats from wholesale producers and local Vermont [...]
The U.S. Treasury Department has awarded Vermont Rural Ventures, a subsidiary of Housing Vermont, $35 million in New Markets Tax Credits (NMTC). Housing Vermont was one of 87 organizations nationally to share in $3.5 billion in the current round of awards which will be the last awards unless Congress votes to extend the program. Awards [...]
A sizable crowd joined Governor Peter Shumlin, Lt. Governor Phil Scott, Barre Mayor Thom Lauzon, state officials and others at the May 27 grand opening for Barre City Place. The four-story, 80,700 square foot commercial building was financed through a $10 million New Markets Tax Credit investment by Housing Vermont. The Massachusetts Housing Investment Corporation [...]
Housing Vermont’s New Markets Tax Credit work led to an innovative collaboration among private business, state government and nonprofits to benefit VT dairy farmers who are members of the St. Albans Cooperative Creamery. Funds donated by the Commonwealth Dairy to the Vermont Housing and Conservation Board (VHCB) will allow farmers to invest in a wide [...]
The last piece of the puzzle to redevelop Burlington’s TD bank block has been set in place with the start of construction of a 139-room hotel and parking garage. The project will benefit from favorable financing provided by Housing Vermont’s New Markets Tax Credit Program. The project will redevelop the Armory building (at one time, [...]
The City of Barre’s redevelopment plan will get a substantial boost thanks to a $10 million financing commitment from HV’s Vermont Rural Ventures to construct Barre City Place, a new 4-story steel frame building on Main Street. The 80,717 square feet of commercial office space will house State offices and other tenants. Located at 219 [...]
Housing Vermont has been awarded a $40 million allocation of New Markets Tax Credits (NMTCs) by the Department of the Treasury to continue its economic development work in low income areas of the state. The award was announced in a joint statement released by Senator Patrick Leahy, Senator Bernie Sanders and Representative Peter Welch. “Our [...]