Washington, D.C — The historic Brooks House redevelopment of Brattleboro, Vermont, was named a finalist in the NDC Academy awards for Community Development. The Brooks House project was possible through innovative financing and New Markets Tax Credits through Vermont Rural Ventures.
Vermont Rural Ventures, the community development subsidiary of Housing Vermont, partnered with the Massachusetts Housing Investment Corporation, to provide $23.4 million in New Markets Tax Credit authority to redevelop and restore the historic circa 1871 Brooks House, a mixed-use commercial building located in the heart of Brattleboro’s downtown.
The National Development Council is pleased to bring the NDC Academy 2015 to economic and community development colleagues from across the U.S. These projects represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country. http://ndcacademy.org/updates/