Gilman Housing Trust, Inc.

Street Address:
48 Elm Street
Lyndonville, VT 05851


Phone: 802-535-3554
Fax: 877-689-3760
Website: 

Merten Bangemann-Johnson, Chief Executive Officer

Contact Name: Merten Bangemann-Johnson
Phone: 802-535-3554x1600
Fax:
Email: mertenbj@nekhome.org


Staff Size: Full Time: 30    Part Time: 2

Background
Incorporated in 1985, Gilman Housing Trust (GHT) is a community based, rural, nonprofit community development corporation. Today GHT owns over 500 multi-family rental units in the 3 county service area (Orleans, Essex & Caledonia Counties). The organization owns Gilman Property Management, Inc. (GPM), a wholly owned for profit subsidiary which manages GHT's affordable housing porfolio.

Mission
To create and preserve affordable housing for persons with low or moderate-income, increase homeownership opportunity, and facilitate community development and renewal in the Northeast Kingdom of Vermont.

Total Operating Expense (9/30/2007): $2,676,142

 Lines of Business
  • Asset and Property Management

  • Community Building and Organizing

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Community Building and Organizing
  • NeighborWorks Multifamily Initiative
  • NeighborWorks Rural Initiative

    • Accomplishments in FY 2008
  • Provided 153 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 39 rental or owner occupied units (1-4 units).
  • Assisted 48 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 673 rental units.
  • Invested $31,000 in the community through Gilman Housing Trust, Inc.'s revolving loan fund, which leveraged $6,955,623 from conventional lenders and other sources.
  • Total direct investment in the community is $6,986,623.

    • Community Services
  • Community Building

  •  Community Outreach and Organizing

  •  Landscape and Neighborhood Beautification

  •  Leadership Training

  •  Tenant Organizing

  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Foreclosure Prevention Training

  •  IDA Savings Program

  •  Low Income Housing Tax Credit (LIHTC)

  •  Reverse Mortgage

  •  Tandem Lending

  • Green Building and Home Improvement

  •  Environmental Friendly Building Materials

  •  Home Maintenance Training

  •  Indoor Environment Quality

  •  Lead Poison Prevention

  •  Renewable Energy Resources

  •  Sustainable Site Planning

  •  Water Quality and Conservation

  • Housing Programs and Home Ownership Counseling

  •  Housing for Elderly

  •  Housing for Handicapped

  •  Relocation / House Moving

  •  Rental Housing

  •  Section 8 Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Jill BroderickBoard Assistant SecretaryBusinessGensburg, Atwell & BroderickAttorney
    Marion ClassenBoard MemberNon-Profit InstitutionNortheast Kingdom Youth ServicesExecutive Director
    Judy CrawfordBoard MemberOtherArea Agency on Aging 
    Elizabeth DudleyBoard Assistant SecretaryResident  
    Ann FassettBoard MemberResident  
    Robert GensburgBoard Assistant SecretaryBusinessGensburg, Atwell & BroderickAttorney
    Rosalie HarrisBoard MemberResident  
    Werner HeidemannBoard Vice PresidentResident  
    Tina NortonBoard TreasurerFinancial InstitutionChittenden BankMarketing Manager
    Arlene NutterBoard MemberResident  
    Eugene ReidBoard MemberNon-Profit InstitutionCanaan High School - Building Trades Program 
    Sandra StanleyBoard PresidentNon-Profit InstitutionOrleans Elementary SchoolPrincipal
    Cindy SulhamBoard MemberNon-Profit InstitutionSt. Johnsbury SchoolBusiness Manager
    Sally A YoungBoard SecretaryResident  

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  New England
    Name:  Frances Cinicola
    Phone:  617-585-5027
    Toll-Free:  
    Fax:  617-450-0427
    Email:  fcinicola@nw.org