Gilman Housing Trust, Inc.

Street Address:
48 Elm Street
Lyndonville, VT 05851
Mailing Address:PO Box 259
Lyndonville, VT 05851

Phone: 802-535-3555
Fax: 877-689-3760
Website: 
www.ruraledge.org
http://www.myvthome.org/

Merten Bangemann-Johnson, Chief Executive Officer

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


Staff Size: Full Time: 34    Part Time: 4

Background
Incorporated in 1985, RuralEdge (formerly Gilman Housing Trust) 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 RuralEdge's affordable housing porfolio.

Mission
Rural Edge is committed to breaking the cycle of poverty in our communities. We do this by providing caring and quality: • housing and community development; • property management; • financial services; • and education, all to attain economic, social, and environmental sustainability.

Total Operating Expense (9/30/2009): $2,850,234

 Lines of Business
  • Asset and Property Management

  • Community Building and Organizing

  • Home Ownership Preservation

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • National Homeownership Programs
  • NeighborWorks Community Building and Organizing
  • NeighborWorks Rural Initiative

    • Accomplishments in FY 2009
  • Provided 98 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 12 rental or owner occupied units (1-4 units).
  • Assisted 49 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 677 rental units.
  • Invested $124,660 in the community through Gilman Housing Trust, Inc.'s revolving loan fund, which leveraged $11,934,503 from conventional lenders and other sources.
  • Total direct investment in the community is $12,059,163.

    • Community Services
  • Community Building

  •  Community Outreach and Organizing

  •  Landscape and Neighborhood Beautification

  •  Leadership Training

  •  Tenant Organizing

  • Family Health Programs

  •  English as a Second Language Classes

  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Elderly Tax Information

  •  Financial Education

  •  Foreclosure Prevention Counseling

  •  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

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  Housing for Elderly

  •  Housing for Handicapped

  •  Housing for Homeless

  •  Housing for Veterans

  •  Relocation / House Moving

  •  Rental Housing

  •  Section 8 Housing

  •  Transitional Housing for Homeless Families


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Bob BishopBoard MemberFinancial InstitutionPassumpsic Savings BankSenior VP
    Werner HeidemannBoard Vice PresidentResident  
    Nicole LaPointeBoard Secretary; Board Treasurer; Board MemberNon-Profit InstitutionNortheastern Vermont Area Health Education CenterExecutive Director
    Sha'an MouliertBoard MemberOther AmeriCorps Volunteer
    Eugene ReidBoard MemberNon-Profit InstitutionCanaan High School - Building Trades Program 
    Sally A YoungBoard PresidentResident  

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 245 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